Nearly two years after Elon Musk’s acquisition, X’s business is still struggling to climb out of the deep hole it fell into under his ownership.
The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis.
The seven banks involved in the deal, including Morgan Stanley and Bank of America, lent the money to the billionaire’s holding company to take the social-media platform, now named X, private in October 2022. Banks that provide loans for takeovers generally sell the debt quickly to other investors to get it off their balance sheets, making money on fees.
That sounds great minus the strawberries, add more chocolate instead.
The strawberries make it a “healthy dessert.”
Bite me I want more chocolate, also if it can give me cavities it prolly aint healthy.
You probably don’t taste as good as the cheesecake and strawberries. I’ll bite them, thanks. Cheers m8 :)
If I taste as I smell then I taste like motor oil, old metal, and oranges. Which is fucken bizarre and I dont know what thatd taste like.