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.
They have a habbit of spending billions on stock buybacks to keep their prices high 🫠
Lol, that explains why I’m always in boxers! 😅
Oh that’s interesting! Locally in the US I’m always noticing the opposite: it’s all briefs or boxer-briefs, rarely boxers.
There is no say, only stupid or stupid not!
I totally get that, but for what it’s worth, The Unbearable Weight of Massive Talent is worth giving a shot, too! It breaks the 4th wall in a refreshingly humorous & self-deprecating way. Loved it!
And that is why the Snozzberries taste like Snozzberries!
‘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.’