ELon and Darsana Capital Partners are the only two participants, as reported originally by Bloomberg. Darsana Capital Partners is not as far as I can tell an actual VC with a portfolio of similar deals. This seems like Elon bailing out Twitter because the interest payment is due and operations are lossy.
This seems like a key point: "This latest capital infusion, which saw participation from Musk himself and..."
A perilous position to be in with the rapidly declining share price of TSLA, which will eventually trigger liquidation at a certain price.
Yeah, if there is any skill I give Elon Musk credit for though it's getting himself out of tight situations.
Slippery pig financial engineering is what he does best.
ELon and Darsana Capital Partners are the only two participants, as reported originally by Bloomberg. Darsana Capital Partners is not as far as I can tell an actual VC with a portfolio of similar deals. This seems like Elon bailing out Twitter because the interest payment is due and operations are lossy.