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’
It’s not the right answer, but all the same, my head said:
Queen bees and Dodo birds
… - I think that checks out.
This is the way.
Wish I would have walked out of The Blair Witch Project.
They have a habbit of spending billions on stock buybacks to keep their prices high 🫠
How TF is that bike (or any) $15k?!? Does it come with a bike path concierge on every trip?
‘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.’