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by Choco31415
1086 days ago
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That doesn't make sense. Why is Twitter forced to hold the debt for being purchased and not Elon? Looking at the numbers that is a lot of debt: https://www.wsj.com/articles/elon-musks-twitter-takeover-see... "As part of the deal, Twitter will add about $13 billion of debt. Analysts estimate, based on terms previously laid out in documents related to the transaction, that Twitter would be on the hook for annual interest payments of more than $1 billion, compared with some $51 million in 2021." |
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Just because that's what was written into the contract when the acquisition happened. Something different could have been put in the contract, but this is what was actually written in it and signed off on by all the parties to the deal.