this post was submitted on 21 Aug 2024
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Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis (www.wsj.com)
submitted 1 year ago* (last edited 1 year ago) by dragontamer@lemmy.world to c/realtesla@lemmy.world
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Oh, and archive.is: https://archive.is/MmKF3

The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis.

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[–] Boomkop3@reddthat.com 9 points 1 year ago

So.. I guess the tax payer might get to bail them out :/