Mon Apr 25, 2022 - 11:17 am EDTMon Apr 25, 2022 - 3:31 pm EDT (LifeSiteNews) — The world waits with bated breath to see if Elon Musk is crowned the king of Twitter today. Last week, many conservatives cheered the news that the eccentric billionaire and “free speech” advocate had unveiled a $46.5 billion offer to buy the outstanding shares of Twitter, making him the sole owner in the largest attempted take private of its kind in history. Mr. Musk’s financing package, like so much of what he does, is very non-traditional. With $33.5 billion (of the $46.5 billion) coming from his own fortune, the offer is decidedly less “leveraged” than a traditional leveraged buyout (LBO). Acquirors in this type of transaction typically seek to borrow as much as possible, minimizing their required cash (equity) to close the transaction. Beginning with the LBO craze of the 80’s and 90’s, investors who have engaged in these types of transactions have continually re-learned the hard lessons of using too …