| With his $44 billion deal to take Twitter private, The Times’s Anupreeta Das and Lauren Hirsch write, Elon Musk is departing from the traditional private equity playbook. He’s putting up far more of his own money than is usual in such a deal, about three quarters of the price. But he’s also following more standard practice for what Wall Street calls a leveraged buyout, borrowing $13 billion that would be transferred onto Twitter’s books. |
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https://www.nytimes.com/live/2022/05/02/business/economy-news-stocks-inflation#elon-musks-buyout-of-twitter-is-a-big-financial-risk