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Even if you bought Twitter for $0, you're taking on $13 Billion in loans. You'd have to buy Twitter for *negative* dollars, like -$8 Billion (ie: Elon gives $8
by dragontamer 4y ago
Even if you bought Twitter for $0, you're taking on $13 Billion in loans.
You'd have to buy Twitter for *negative* dollars, like -$8 Billion (ie: Elon gives $8 Billion to you and Twitter) to "only" buy the company for $5 Billion effective costs.
Note: The $13 Billion loan is likely devalued 30%+, so maybe its only worth $9.5 Billion these days. Hard to say exactly, I'm just making some crude assumptions here. The loans may have been backed by several banks, but they aren't trading on the public market yet so its hard to value them.