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Twitter took the debt. Twitter did not have to take the debt. Twitter made that choice before agreeing to Elon.
by vorpalhex 4y ago
Twitter took the debt. Twitter did not have to take the debt. Twitter made that choice before agreeing to Elon.
- _djo_ 4y agoNope. This was taken on as part of Musk's acquisition which is structured as a leveraged buyout and saddled Twitter with nearly $13 billion in additional debt. Twitter's annual debt service cost before Musk took over was an entirely manageable $60 million a year. Now it's somewhere around $1 billion.