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Elon Musk's Twitter takeover has ended up as the worst buyout deal for banks since the financial crisis (www.businessinsider.com)
submitted 2 months ago by MicroWave@lemmy.world to c/economics@lemmy.world
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  • Elon Musk's Twitter acquisition ended up being the worst financing deal for banks since 2008, the WSJ said.
  • The $13 billion in loans Musk took out have been stuck on banks' balance sheets.
  • The loans have cut into pay for bankers and lenders' ability to finance other deals, the Journal reported.
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[-] guyoverthere123@lemmy.dbzer0.com 6 points 2 months ago

Oh won't someone think of the banks /s

[-] Zorque@lemmy.world 1 points 2 months ago

Don't worry, it's not their money they're playing with!

this post was submitted on 21 Aug 2024
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