Musk Twitter Bid Advisor?
Any idea who the advisor for the Musk twitter bid is? Seems like the financing is being arranged by MS so is the deal being run out of MS Menlo Tech? Could be a landmark deal if they manage to pull through
Any idea who the advisor for the Musk twitter bid is? Seems like the financing is being arranged by MS so is the deal being run out of MS Menlo Tech? Could be a landmark deal if they manage to pull through
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Hi Analyst 1 in IB-M&A, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
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Is this not common knowledge?
MS is advising Musk, GS TMT is advising TWTR board. Wouldn't be surprised to see a Liontree or someone get engaged by some larger equity holder group, but that's been undisclosed thus far.
EDIT- looks like TWTR BoD brought on JPM as well
https://www.bloomberg.com/news/articles/2022-04-15/twitter-brings-on-jp…
Yeah, pretty sure I read about MS/GS somewhere this past week.
MS advising Musk; GS and JPM advising Twitter board
So I'm assuming this is MS Menlo? Or is NY involved too?
MS Menlo (lead) / BoFA / Barclays advisor to Musk.
JPM / GS / Allen advising Twitter.
Musk is a beast though
[edited for incorrect info]
MS is not the sole advisor lol. Barclays and BofA on it too.
Also, Allen advising Twitter in addition to GS and JPM.
BofA an Barclays just got a print because they led the financing. They most likely did not give any M&A advice and most likely did not collect an M&A fee.
MS was sole advisor until last minute when they needed financing. That’s all BofA and Barclays did. They were not in the war room, they did not provide advice.
Salty ass BofA and Barclays analysts acting like they did jack shit on this besides fill out financing. Come on, take the league table credit and be happy - it’s already more than you deserve
these sorry ass bankers aren't advising musk on chit
he brought them along to do the paperwork and sec filings for him since he hasn't a care in the world to do such mindless drudgery
just lol at bankers calling themselves "advisors" in this situation. they are process monkeys through and through.
Bankers did help him raise $25bn in financing.......
Paperwork and SEC filing can all be done by lawyers. If he wanted to simply offer 100% equity, his own cash, no other considerations, then all he'd need is lawyers. Bankers are certainly advisors here and there are tons of financial intricacies to navigate. He already explored a tender offer, bringing on other investors, and of course financing, all of which bankers are necessary for. I think Elon is a genius, but he's not a financier. The deal would never have happened without investment bankers working night and day on both sides of the deal. Don't insult the profession.
This notion frustrates me endlessly. A lot of people think bankers are just disposable. Biden said last week to a group of truckers something like "without you guys, the whole country would collapse! Unlike the investment bankers, who are completely optional to our economy compared to you!" (guess Biden doesn't know about how truckers are literally going to be replaced by AI in a handful of years).
IB is not an entrepreneurial job, but it is entirely crucial for raising capital in our country's capitalist system. I, for one, think this Twitter deal is a perfect example of the beauty of the investment banking profession. Bankers pulled together an unprecedented ~$25 billion in financing through creative loans on a company without stable cash flows, and a rich guy who essentially owns solely tesla stock, and they are making this happen in a matter of DAYS after the announcement after navigating the politics of Twitter's initially antagonistic board. And the world is going to be a better place because they are enabling Elon to do this and actually execute on it.
MS is running the debt financing
They led everything
Congrats to all the “strategic” advisors involved on what I’m sure were some killer team pages, indicative timeline slides, F9’d factset comps, and off the shelf precedent transaction premia pages, among others.
thx
Literally anyone that thinks bankers are glorious advisors needs to read this
How are you so cynical as an associate lifer? Nothing about this deal was standard, it happened in 2 weeks start to finish with zero funding secured at outset. Do you really think bankers were preparing off the shelf slides for elon musk?
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