I’m guessing here, I don’t think Musk, the person, took out the loans, I think xitter did. So if xitter defaults, Musk’s assets aren’t on the line.
Edit for clarity: ‘leveraged buyout with debt reassignment post acquisition’
Nah, Portland’s guy is the unipiper!
They have a habbit of spending billions on stock buybacks to keep their prices high 🫠
Lots of places do this now, unfortunately.
Nom nom nom!
Also I’ll never call Twitter anything but Twitter.
I don’t know, I think there’s room for appropriate change here;
I admit, my suggestions could use more help, but surely we must admit they’ve devolved from Twitter!?
Right!? I strait up heard in my head:
Um, I’m gonna need you to go ahead and come in tomorrow. So if you could be here around 9:00, that would be great. Mm-Kay?
‘he only used some of his cash to buy Twitter for $44 billion. For the rest of it, he used a tactic called a leveraged buyout and spent $13 billion of borrowed money on the acquisition. And now Twitter—not Elon—is on the hook for that loan.’