Elon Musk’s purchase of Twitter could go down as the worst leveraged buyout (LBO) deal for banks since the 2008 global financial crisis in the latest worrying sign the deal is proving costly to ...

Elon Musk bought Twitter for $44 billion, but almost a third of it was in loans—and Twitter's on the hook to pay them back. This strategy, popular in the '80s, is called a leveraged buyout.For ...

Morgan Stanley, Bank of America, and Barclays will hold Elon Musk’s debt. Sure, market conditions are worse than they were in April, but Musk’s antics don’t help.

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 ...

With Elon Musk's chaotic Twitter buyout continuing to dominate headlines, here is a complete timeline to catch you up on all of the news, from his initial stake to the legal drama, layoffs, and ...

Elon Musk reportedly told potential investors in his pending Twitter buyout that he plans to jettison nearly 75% of the company’s 7,500 workers. The Washington Post reported that even if the ...

Elon Musk’s purchase of Twitter could go down as the worst leveraged buyout (LBO) deal for banks since the 2008 global financial crisis in the latest worrying sign the deal is proving costly to ...

A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 ...

Elon Musk bought Twitter for $44 billion, but almost a third of it was in bank loans. He used a leveraged buyout strategy, which means Twitter, not Musk, is on the hook to pay back the loans.

Scenes from the Slash-and-Burn Buyout of Twitter. ... The mood was somber—everyone in the room understood that many among them might soon be swept away by Elon Musk’s tsunami.

Elon Musk subpoenaed Jack Dorsey, co-founder of Twitter Inc. and his longtime friend, in his defense against the social media company’s lawsuit to make him complete his proposed $44-billion buyout.