Elon Musk officially acquired Twitter last week and as the initial euphoria settles down, it could be time for the billionaire and other stakeholders to sit back and take stock of the situation.
Twitter’s Interest Outgo To Swell: The interest Twitter would be required to pay on its debt is likely to balloon 10-fold, from $60 million over the past 12 months to $600 million, Barron’s said in a report. This increase reflected the $5.5 billion debt that currently stands on Twitter’s balance sheet and the $13 billion in bank financing Musk availed of to fund the deal, Barron’s added.
