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Nope. 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.
by _djo_ 4y ago
Nope. 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.