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, weighing on banks’ balance sheets
* The resulting write-downs have hobbled the banks’ loan books
* "Twitter isn’t only the biggest hung deal by dollar amount since the 2008 financial crisis but one of the biggest of all time"
(gift link)
https://www.wsj.com/tech/elon-musks-twitter-takeover-is-now-the-worst-buyout-for-banks-since-the-financial-crisis-3f4272cb?st=c98dc9gatf4xozt&reflink=desktopwebshare_permalink
Christopher Mims /
npub1zj…4u8q9
2024-08-20 12:19:46
Author Public Key
npub1zjpspc4sgpxuvyq5cnlxl69n20llc8jqthhg2w2v09gvma8ffu3ss4u8q9Published at
2024-08-20 12:19:46Event JSON
{
"id": "0caecf827b339fcb9f461cd4c16ec913928ed812cbe92d984f684048c007afb9",
"pubkey": "148300e2b0404dc61014c4fe6fe8b353fffc1e405dee85394c7950cdf4e94f23",
"created_at": 1724156386,
"kind": 1,
"tags": [
[
"proxy",
"https://mastodon.social/@mimsical/112994312936996832",
"web"
],
[
"proxy",
"https://mastodon.social/users/mimsical/statuses/112994312936996832",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://mastodon.social/users/mimsical/statuses/112994312936996832",
"pink.momostr"
],
[
"-"
]
],
"content": "Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis\n\nLoans of around $13 billion have remained ‘hung’ for nearly two years, weighing on banks’ balance sheets\n\n* The resulting write-downs have hobbled the banks’ loan books\n\n* \"Twitter isn’t only the biggest hung deal by dollar amount since the 2008 financial crisis but one of the biggest of all time\"\n\n(gift link)\n\nhttps://www.wsj.com/tech/elon-musks-twitter-takeover-is-now-the-worst-buyout-for-banks-since-the-financial-crisis-3f4272cb?st=c98dc9gatf4xozt\u0026reflink=desktopwebshare_permalink",
"sig": "66ec35fc6224d9a1b91a1a75990ecdb16e016d2ad93589bbfcc399df34e241bbffb73403e1f4feb939faf54bb2a9c0aa57bbd07c3fdd7f5d737c0f8aa679e636"
}