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Debt financing. It’s easy when you have an enormous net worth as collateral and close relationships with leaders of big banks/investment firms. You can get an
by boeingUH60 5y ago
Debt financing. It’s easy when you have an enormous net worth as collateral and close relationships with leaders of big banks/investment firms.
You can get an idea from Michael Dell’s takeover of his eponymous company.
https://www.forbes.com/sites/connieguglielmo/2013/10/30/you-wont-have-michael-dell-to-kick-around-anymore/?sh=2649adb62a9b https://www.forbes.com/sites/connieguglielmo/2013/10/30/you-...
- heartbreak 5y agoThough in the case of Dell, he had financing commitments lined up along with his offer. Musk has demonstrated no such commitments.
- LegitShady 5y agoI don't think he has to demonstrate it to you or other members of the general public, just have it available if the board accepts.
- heartbreak 5y agoThe board won’t accept anything without those financing commitments. That’s the point.
- LegitShady 5y agoif the board wanted to sell they would establish that in a reply and ask for the details of his financing. They don't want to sell and financing isn't the issue, its just a red herring.