Buying the debt is different than paying off the debt. I see so many comments here assuming that to buy the company totally (or to have total control over a com

Buying the debt is different than paying off the debt. I see so many comments here assuming that to buy the company totally (or to have total control over a company), one should pay off all debts of the company. It is simply not true. I feel this whole concept of "Enterprise Value" does not really correlate any meaningful value.