Elon Musk's Twitter takeover has ended up as the worst buyout deal for banks since the financial crisis
Elon Musk's Twitter takeover has ended up as the worst buyout deal for banks since the financial crisis
www.businessinsider.com Elon Musk's Twitter takeover has ended up as the worst buyout deal for banks since the financial crisis
The WSJ reported on Tuesday that the debt for Musk's Twitter purchase has been stuck on banks' balance sheets, eating into the ability to fund other deals.
- Elon Musk's Twitter acquisition ended up being the worst financing deal for banks since 2008, the WSJ said.
- The $13 billion in loans Musk took out have been stuck on banks' balance sheets.
- The loans have cut into pay for bankers and lenders' ability to finance other deals, the Journal reported.
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