I’m guessing here, I don’t think Musk, the person, took out the loans, I think xitter did. So if xitter defaults, Musk’s assets aren’t on the line.
Edit for clarity: ‘leveraged buyout with debt reassignment post acquisition’
It’s not the right answer, but all the same, my head said:
Queen bees and Dodo birds
… - I think that checks out.
Lol, that explains why I’m always in boxers! 😅
Oh that’s interesting! Locally in the US I’m always noticing the opposite: it’s all briefs or boxer-briefs, rarely boxers.
There is no say, only stupid or stupid not!
Kinda sounds like a great way to launder money.
‘he only used some of his cash to buy Twitter for $44 billion. For the rest of it, he used a tactic called a leveraged buyout and spent $13 billion of borrowed money on the acquisition. And now Twitter—not Elon—is on the hook for that loan.’