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Not a foregone conclusion. It's complicated. And banks definitely have to do their due diligence. If it was Buffet then it would be 'almost a foregone conclusi
by jollybean 5y ago
Not a foregone conclusion. It's complicated. And banks definitely have to do their due diligence.
If it was Buffet then it would be 'almost a foregone conclusion'.
Not with musk.
Musk has gained $10-30M in free publicity thus far. He's made the front pages of the news everywhere in the world.
He can hardly lose here.
And I'm not a Musk fanboy or anything.
- bombcar 5y agoOne difference is Buffet rarely if ever buys anything, Berkshire buys things. And I dare say Berkshire has everything ready to go. In this case Musk is buying using TSLA (and SpaceX?) shares as collateral, not having TSLA buy.
- jollybean 5y agoI meant Berkshire. Tesla nor SpaceX would have no reason to buy Twitter, so Musk has to do it himself. He has Tesla shares, that's kind of a secondary thing. It's a leveraged buy out - banks and other firms would be going in with him. A bit like you buy a house.