Elon Musk's $13B Twitter buyout is worst deal for banks since

Elon Musk's $44 acquisition of Twitter has become the worst merger-finance deal for banks since the 2008-'09 financial crisis, according to a media report. A group of seven banks, including …

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Elon Musk's $13B Twitter Buyout Is Worst Deal For Banks Since

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Elon Musk's $44 acquisition of Twitter has become the worst merger-finance deal for banks since the 2008-'09 financial crisis, according to a media report. A group of seven banks, including …

msn.com

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Elon Musk’s Twitter Takeover Is Now The Worst Buyout For Banks …

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[Alexander Saeedy and Dana Mattioli at The Wall Street Journal] "The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the …

msn.com

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Elon Musk's $44 Billion Twitter Purchase Ranks As Worst Deal For …

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Aug 20, 2024 · Elon Musk's $44 billion purchase of Twitter Inc. has emerged as the worst buyout since the global financial crisis for seven large financial institutions that provided debt for the …

morningstar.com

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Elon Musk’s Twitter Buyout Is Worst Deal For Banks Since Financial ...

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Aug 20, 2024 · Elon Musk’s $44 billion buyout of Twitter Inc. has emerged as the worst buyout since the global financial crisis for seven large financial institutions that provided debt for the …

marketwatch.com

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WSJ: Elon Musk’s Deal To Buy Twitter Rated Worst Deal For Banks …

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Aug 20, 2024 · The seven major banks who lined up to finance Elon Musk’s purchase of Twitter in 2022 are still on the hook for $13 billion, setting unpaid debt records not seen since the 2008 …

sfist.com

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Musk’s Twitter Takeover Worst Buyout For Banks Since ... - TipRanks

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The $13B Elon Musk borrowed to buy Twitter has become the worst merger-finance deal for banks since the 2008-2009 financial crisis, Alexander Saeedy and Dana Mattioli of The Wall …

tipranks.com

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Elon Musk's $13 Billion Fundraising To Buy Twitter Is The Worst Deal ...

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Aug 21, 2024 10:48:00 Elon Musk's $13 billion fundraising to buy Twitter is the worst deal for banks since the financial crisis. Elon Musk, who acquired Twitter (now X) in October 2022, …

gigazine.net

FAQs about Elon Musk's $13B Twitter buyout is worst deal for banks since Coupon?

Did Elon Musk borrow $13 billion to buy Twitter?

T he $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis. ...

Why did Elon Musk raise $13 billion?

While more than half of the $44 billion price tag came from Elon Musk, some $13 billion had to be raised from a consortium of lenders in order not to overwhelm Tesla shareholders after the entrepreneur liquidated billions of dollars in Tesla stock. ...

Could X recoup the value of musk's loans?

Musk's loans have been bringing in some cash for lenders through large interest payments, the report said. Banks could recoup the total value of the debt if X is able to pay back the principal on the loans when they mature. ...

Are musk's loans a burden on banks' balance sheets?

However, sources added that the loans have mostly been a burden on banks' balance sheets, with some lenders writing down their value considerably since the deal went through at the end of 2022. In one instance, the burden of taking on Musk's debt limited the amount of money available for other mergers and financing deals, the sources said. ...

Is musk's deal a catch-22 for the banks?

The deal presents a Catch-22 for the banks. On one hand, they are eager to be well-positioned to work with Musk and his six companies that range from electric-vehicle maker Tesla to Neuralink and xAI. ...

Is musk's $44 billion deal in historic territory?

The value of the loans to Musk quickly soured after the $44 billion acquisition was completed. But new analysis shows how their persistent underperformance has put the deal in historic territory. ...