5 ms·
Musk owns 80-90% of Twitter. A few high-profile investors own the other 10-20%. The group of bankers have a huge lien on the company ($13 billion) but assuming
by HWR_14 4y ago
Musk owns 80-90% of Twitter. A few high-profile investors own the other 10-20%. The group of bankers have a huge lien on the company ($13 billion) but assuming that they are paid on time have no equity.
- uoaei 4y agoThe distinction between "having a lien" and "owning the company" is a false dichotomy. "Owning the company" and "controlling the company" are different, though.
- boyka 4y agoWhat if the shareholders do not agree to sell their shares? How does he justify his current power over Twitter? Did he buy his 80-90% outside of the free float market?
- HWR_14 4y ago> What if the shareholders do not agree to sell their shares? That's not an option. They all have to sell their shares. It was a corporate decision. In fact their was another vote that meant Musk couldn't accumulate more than 15% on the open market.
- HWR_14 4y ago> The distinction between "having a lien" and "owning the company" is a false dichotomy. It's 100% not. It's secured debt, that's it. If Twitter becomes worth $17 billion, they get - $15 billion. If Twitter becomes worth $170 billion, they get - $15 billion. To say nothing of if Musk misses a payment, are they really going to foreclose? Or would they renegotiate?
- SamBam 4y agoDisagree. They have nothing until Musk needs to pay them back, and if Musk pays then back they have nothing.