The WSJ reported on Tuesday that the debt for Musk's Twitter purchase has been stuck on banks' balance sheets, eating into the ability to fund other deals.
  • 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’ balance sheets.
  • The loans have cut into pay for bankers and lenders’ ability to finance other deals, the Journal reported.
  • gwindli@lemy.lol
    0·
    3 months ago

    the bank doesn’t care, but musk does. cashing out some tesla stock to pay the twitter loans hits him twice so he wont do it except out of desperation.