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Economics MicroWave • 4 weeks ago • 97%

Elon Musk's Twitter takeover has ended up as the worst buyout deal for banks since the financial crisis

www.businessinsider.com

  • 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.

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