Musk's Debt-Driven Twitter Acquisition

This is a news story, published by TechCrunch, that relates primarily to Elon Musk news.

Elon Musk news

For more Elon Musk news, you can click here:

more Elon Musk news

social media news

For more social media news, you can click here:

more social media news

TechCrunch news

For more news from TechCrunch, you can click here:

more news from TechCrunch

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like social media news, you might also like this article about

takeovers

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest finance deal news, worst merger news, social media news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Twitter

TechCrunch

•

Technology

The banks that loaned Musk $13B to buy Twitter might be having regrets | TechCrunch

Summary

Nutrition label

71% Informative

Elon Musk borrowed $13 billion from Morgan Stanley , Bank of America and five other major banks to help finance the $44 billion acquisition of Twitter .

The deal has turned into the worst merger-finance deal for banks since the 2008-2009 financial crisis.

When banks lend money for takeovers, they usually sell that debt on to others to handle, earning fees on the transaction.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive