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 2 months ago* (last edited 2 months 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 2 months ago

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

[–] nucleative@lemmy.world 5 points 2 months ago (1 children)

Is there supposed to be more content on the article? It says it was the worst deal ever, names a couple banks that were involved, mentions that kind of deal is normal for them, and.... That is the sum of the article.

Was hoping there were some sad stories about how bankers were losing their yachts, etc.