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No. The $13B debt he saddled Twitter with did not exist during the due diligence phase, which he also waived. Word was prior to the takeover, their debt was on
by _jal 4y ago
No. The $13B debt he saddled Twitter with did not exist during the due diligence phase, which he also waived.
Word was prior to the takeover, their debt was on the order of $200M.
- judge2020 4y agoBased on this Reuters article[0], it was more around $5.3B, but they were only losing 200M/yr. > It's not clear how much of the $5.29 billion debt Twitter had before the acquisition was refinanced or remained with the company. It's also not clear how much of the $2.7 billion in cash that Twitter held as of the end of June it got to keep once it went private. 0: https://www.reuters.com/markets/deals/twitters-massive-revenue-drop-adds-heavy-debt-burden-2022-11-07/ https://www.reuters.com/markets/deals/twitters-massive-reven...
- _jal 4y agoAh, thanks for the correction.