The nearly eight-month deal saga ended Thursday night, and now a new chapter begins.
Musk is essentially fulfilling the role of a private equity company, Bloomberg corporate credit reporter Paula Seligson noted this morning during aIf he acts like one, he'll have to significantly cut costs and grow revenue, she noted.
Twitter's debt load has grown from about $2 billion to more than $13 billion, with an annual interest expense of $1.2 billion going forward, more than 12x what it is now, according to Seligson.
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