WSJ: Elon Musk’s Deal to Buy Twitter Rated Worst Deal for ... - SFist

Aug 20, 2024 · The $13 billion that Elon Musk's X borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis, hobbling banks’ loan …

$13
OFF

WSJ: Elon Musk’s Deal To Buy Twitter Rated Worst Deal For ... - SFist

4 hours from now

Aug 20, 2024 · The $13 billion that Elon Musk's X borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis, hobbling banks’ loan …

sfist.com

$13
OFF

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

4 hours from now

Loans of around $13 billion have remained “hung” for nearly two years, bringing in interest payments but weighing on banks’ balance sheets.

wsj.com

$44
OFF

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

4 hours from now

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

$13
OFF

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

4 hours from now

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

$13
OFF

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

4 hours from now

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

$13
OFF

The Banks That Loaned Musk $13B To Buy Twitter Might Be Having …

4 hours from now

Aug 21, 2024 · According to the WSJ, the deal has since become the worst merger-finance deal for banks since the 2008-2009 financial crisis. X, formerly known as Twitter, looks like a pretty …

yahoo.com

$13
OFF

Bankers Have Lost So Much Money Thanks To Elon's Terrible …

4 hours from now

Aug 21, 2024 · Seven banks loaned Elon Musk money totaling $13 billion in 2022 to help him buy Twitter, now known by the obnoxiously generic name X, and every single one has been unable …

gizmodo.com

$44
OFF

Elon Musk Offers To Buy Twitter For Original Deal Price: Latest News

4 hours from now

Oct 6, 2022 · Elon Musk, Twitter Continue Talks About Closing Deal: Recap Elon Musk and Twitter Inc. continue talks over closing the billionaire's stalled $44 billion deal to buy the social …

wsj.com

$13
OFF

The $13 Billion That Elon Musk's... - The Wall Street Journal

4 hours from now

The $13 billion that Elon Musk's X borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis, hobbling banks’ loan books and …

facebook.com

$44
OFF

Twitter Accepts Elon Musk’s Offer To Buy Company In $44 Billion …

4 hours from now

The $44 billion deal marks the close of a dramatic courtship and a change of heart at Twitter, where many executives and board members initially opposed Mr. Musk’s takeover approach. …

wsj.com

$44
OFF

Twitter Accepts Elon Musk’s Bid: What We Know So Far - WSJ

4 hours from now

Tesla CEO agreed to buy the social-media company in a deal valued at about $44 billion. ... As Elon Musk attempts to buy Twitter, WSJ looks back at Twitter’s past suitors, like Salesforce ...

wsj.com

$44
OFF

The Elon Musk-Twitter Deal Saga: What’s Happened So Far

4 hours from now

Elon Musk on July 8 formally gave notice of something he had been hinting might happen for weeks: He was seeking to abandon his $44 billion deal to buy Twitter Inc.

wsj.com

FAQs about WSJ: Elon Musk’s Deal to Buy Twitter Rated Worst Deal for ... - SFist Coupon?

Will Elon Musk take over Twitter?

Elon Musk initially met resistance from Twitter’s board. Stacie Mcchesney/TED/Agence France-Presse/Getty Images Twitter Inc. accepted Elon Musk ’s bid to take over the company and go private, a deal that would give the world’s richest person control over the social-media network where he is also among its most influential users. ...

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. ...

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. ...

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 $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. ...