d a t green
If we assume the lenders for Musk’s acquisition of Twitter were properly advised and did their due diligence, then we can assume Twitter’s precarious state would not be a surprise even if Musk’s current antics were unexpected.
If this further assumption is correct, then the lenders would not be expecting Musk to succeed, but to fail.
In essence, this would not be about getting a return on their investment, but about enforcing the security.
If so, what would that be?
d a t green
For what puzzles me is not the buffoonery of Musk, but why serious lenders - with their even more serious advisers - would have proceeded with financing this acquisition, knowing the likelihood of failure.
And some lenders plan for failure, just as some lenders plan for success.
d a t green
Bafflement is the starting point for me too. I am puzzled why serious lenders put serious money into this. They and their lawyers will not be sentimental.
Emma Kennedy
@davidallengreen I’m baffled by it
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