birdsite, finance
So by what mechanism did Musk borrow a ton of money, use it to buy Twitter, and then *transfer his debt to Twitter*?
This seems like a thing that shouldn't work.
Presumably I'm just naive.
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birdsite, finance
@ceoln leveraged buy-outs, or LBOs, are what makes private equity so insidious. They were awful in the 1980s, and they’re awful now. https://www.investopedia.com/terms/l/leveragedbuyout.asp
