The board initially resisted Musk's offer implementing a poison pill. But ten days later, it reversed course and incredibly accepted the offer. Effectively, this is the largest individual contribution to a leveraged buyout in history. The only viable source of financing here is for him to borrow again against his shares in Tesla.
We're looking back at the BIGGEST stories of the year. And what a year! When 2022 began, Russia enjoyed somewhat normal relations with the West, many Covid measures were still in place, Queen Elizabeth II reigned, and Big Tech was entering a second decade of economic dominance. Nothing lasts forever.
Also: Kara and Scott's best brags, insults, and wins for the year.
Happy 2023! Eat it, 2022!
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