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    Christopher Mims (mimsical@mastodon.social)'s status on Tuesday, 20-Aug-2024 21:21:40 JSTChristopher MimsChristopher Mims

    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"

    (gift link)

    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

    In conversationabout 9 months ago from mastodon.socialpermalink

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