Losers include Musk himself, Tesla and SpaceX shareholders, and Musk's lending banks.
end up buying Twitter for $54.20 per share, as he's contractually obliged to and as he now claims toWhy it matters:
Twitter is much more than just a share price — and the takeover bid isn't being financed solely from Musk's pocketbook.The losers, assuming that the deal will now go through, include Elon Musk himself; Tesla and SpaceX shareholders; Musk's lending banks; and, maybe, democracy itself.for $33.5 billion of the $44 billion that he has agreed to pay for Twitter, a company that is worth much less than $30 billion.
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