[JumpCrisscross]

> Musk, so you can throw out the book

Musk's Twitter takeover is a textbook LBO transaction. The negotiations were unorthodox. But that's been true of LBOs since the 80s. Usually the bankers were the ones up to the antics; this time it's the principal.

[bjelkeman-again]

LBO, Leveraged Byout. I had to look it up. “A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition.”

[spoonjim]

Textbook except for the size of course. Very few LBOs are above $5 billion.