{"id":1212429,"date":"2023-12-15T10:06:22","date_gmt":"2023-12-15T15:06:22","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1212429"},"modified":"2023-12-15T10:06:22","modified_gmt":"2023-12-15T15:06:22","slug":"elon-musk-told-bankers-they-wouldnt-lose-any-money-on-twitter-purchase","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1212429","title":{"rendered":"Elon Musk told bankers they wouldn\u2019t lose any money on Twitter purchase"},"content":{"rendered":"<div id=\"rss-wrap\">\n<figure class=\"intro-image intro-left\">\n  <img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2023\/12\/muak-twitter-800x534-1.jpg\" alt=\"Elon Musk and a twitter logo\" \/><\/p>\n<p class=\"caption\" style=\"font-size:0.8em\"><a href=\"https:\/\/cdn.arstechnica.net\/wp-content\/uploads\/2023\/03\/muak-twitter.jpg\" class=\"enlarge-link\" data-height=\"683\" data-width=\"1024\">Enlarge<\/a> (credit: <a rel=\"nofollow\" class=\"caption-link\" href=\"https:\/\/www.gettyimages.com\/detail\/news-photo\/in-this-photo-illustration-the-image-of-elon-musk-is-news-photo\/1243763422\">Anadolu Agency via Getty Images<\/a>)<\/p>\n<\/figure>\n<div><a name=\"page-1\" \/><\/div>\n<p>Elon Musk privately told some of the bankers who lent him $13 billion to fund his leveraged buyout of Twitter that they would not lose any money on the deal, according to five people familiar with the matter.<\/p>\n<p>The verbal guarantees were made by Musk to banks as a way to reassure the lenders as the value of the social media site, now rebranded as X, fell sharply after he completed the acquisition last year.<\/p>\n<p>Despite the assurances, the seven banks that lent money to the billionaire for his buyout\u2014Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2014are facing serious losses on the debt if and when they eventually sell it.<\/p>\n<\/div>\n<p><a href=\"https:\/\/arstechnica.com\/?p=1991371#p3\">Read 16 remaining paragraphs<\/a> | <a href=\"https:\/\/arstechnica.com\/?p=1991371&amp;comments=1\">Comments<\/a><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nSource: Ars Technica &#8211; <a href=\"https:\/\/arstechnica.com\/?p=1991371\" target=\"_blank\" rel=\"noopener\">Elon Musk told bankers they wouldn\u2019t lose any money on Twitter purchase<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enlarge (credit: Anadolu Agency via Getty Images) Elon Musk privately told some of the bankers who lent him $13 billion to fund his leveraged buyout of Twitter that they would not lose any money on the deal, according to five &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1212429\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1212430,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-1212429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1212429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1212429"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1212429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1212430"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1212429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1212429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1212429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}