E
Pop quiz, hotshot: who do you think the sources on this story are?
It’s about Elon Musk bragging to the banks that backed his Twitter takeover that he never lost money for his investors.
Meanwhile:
One multibillion-dollar firm that specialises in distressed debt called X’s debt “uninvestable”.
My guesses are: juniors at the banks angling to make more-senior employees look dumb in order to take their jobs or employees who cautioned against the Musk debt doing a public “I told you so.”
Elon Musk told lenders they would not lose money on Twitter deal
[FinancialTimes]
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