3min chapter

Pivot cover image

2022: Pivot's Year in Review

Pivot

CHAPTER

Is This a Serious Offer?

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.

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