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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"

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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