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Is it true that $13bn came in the form of loans and that those loans are secured by Twitter, not Musk or any entity he'd personally be responsible for? If so,
by barbazoo 4y ago
Is it true that $13bn came in the form of loans and that those loans are secured by Twitter, not Musk or any entity he'd personally be responsible for?
If so, how does that work?
- mahkeiro 4y agoJust google LBO, plenty of site explain that better than me
- supertrope 4y agoIf the business under new ownership turns a profit their bankers make money. If the business folds or is not turned around then the loans sour but the private equity owner also loses their money. In bankruptcy bond holders get paid before shareholders.