That widely held belief that Elon Musk is some sort of business genius ... Err
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That widely held belief that Elon Musk is some sort of business genius ... Err
Elon Musk’s Twitter deal may be the worst leveraged buyout deal for banks since Lehman, raising risks to Tesla
Banks had hoped to package and sell Musk's LBO debt to investors. Instead, it's sat on their balance sheet, tying up capital, for almost two years.
Fortune (fortune.com)
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Mastodon Migrationreplied to dee_le_brun on last edited by
It was certainly a lot of money to flush down the drain. Seems like he convinced a lot of banks to take the plunge.
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