Elon Musk’s Twitter Buyout Is Officially the Worst Deal Since …

Aug 20, 2024 · Loans that Elon Musk used to buy Twitter have become the worst merger-finance deal for banks since the financial crisis of 2008-09, according to a report.Seven banks involved …

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

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Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis Loans of around $13 billion have remained ‘hung’ for nearly two years, bringing in interest payments ...

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

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Aug 20, 2024 · Scott Olson. Elon Musk's $44B acquisition of Twitter has become the worst merger-finance deal for banks since the 2008-'09 financial crisis, according to a media report.

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Elon Musk's Twitter Buy The Worst Financing Deal For Banks Since …

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Aug 20, 2024 · 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' …

businessinsider.com

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Elon Musk’s $44B Twitter Buyout Worst Deal For Banks Since …

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But, according to a Wall Street Journal report, the entire deal is proving to be the worst buyout that’s happened since the global financial crisis for the seven big financial institutions that …

fivenation.com

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Elon Musk’s Purchase Of Twitter Declared ‘The Worst Buyout For …

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Aug 20, 2024 · In order to come up with the $44 billion he needed to acquire Twitter, Musk had to borrow a total of $13 billion from seven different banks. Typically, when a bank lends money …

jalopnik.com

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Exclusive: The Banks That Funded Elon Musk’s $44 Billion Twitter …

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Oct 6, 2023 · Exclusive: The banks that funded Elon Musk’s $44 billion Twitter deal may have a ‘sell-down letter’ to prevent them from breaking ranks Shawn Tully Fri, Oct 6, 2023, 11:57 AM …

yahoo.com

FAQs about Elon Musk’s Twitter Buyout Is Officially the Worst Deal Since … Coupon?

Is Elon Musk's $44 acquisition of Twitter a bad deal?

Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. 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. ...

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. ...

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. ...

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. ...