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I don't know of people saying that he had "no possible way" to finance a deal. Quoting the excellent Matt Levine, the situation is more like the following: '''
by pxx 5y ago
I don't know of people saying that he had "no possible way" to finance a deal.
Quoting the excellent Matt Levine, the situation is more like the following: '''the answer to the question “might Elon Musk have made an offer to take a large public company private, at a cost of tens of billions of dollars, without giving any real thought to where the money would come from?” is “absolutely yes, and he’s done it before.”'''
- panick21_ 5y agoAnd that's not actually accurate. Even if you take the extreme interpretation of 'funding secured' he certainty didn't just wholesale make up the claim.
- HillRat 5y agoWhen all is said and done, this is likely to be a Thoma Bravo deal, not a Musk deal — too much OPM (and too much of Musk’s Tesla equity) is at stake to let Musk go all rabid ferret on the company. I’d expect him to get some high-profile and low-impact personal wins out of this (whatever those might be, since it’s still not clear to me what he actually wants out of this), TB tears the dev organization down to the studs to get opex under control, they spin it back to the market within a few years for a tidy profit, and the company collapses shortly thereafter, with its assets sold off to Red Ventures for a fraction of a cent on the dollar to serve as a lead-generator for prepaid mobile operators.