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Matt Levine’s Money Stuff: Elon Musk’s Other Merger Worked Out

April 28, 2022, 5:44 PM

Programming note: Money Stuff will be off tomorrow, back on Monday.

Elon merger stuff (not Twitter)

Elon Musk is becoming a leading figure in American mergers and acquisitions. This week he agreed to buy Twitter Inc. in what will probably be the largest leveraged buyout ever done by a guy in his personal account. In 2018 he spent a week pretending he was going to take Tesla Inc. private, in what was perhaps the largest pretend leveraged buyout ever done by a public-company chief executive officer, though I am not sure precisely how one would measure that. And yesterday he won ...