Tidbits – www.israelhayom.com https://www.israelhayom.com israelhayom english website Thu, 22 Aug 2024 09:01:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://www.israelhayom.com/wp-content/uploads/2021/11/cropped-G_rTskDu_400x400-32x32.jpg Tidbits – www.israelhayom.com https://www.israelhayom.com 32 32 World No. 1 tennis players tested positive for anabolic steroid, the results were revealed after a long delay https://www.israelhayom.com/2024/08/22/world-no-1-tennis-players-tested-positive-for-anabolic-steroid-the-results-were-revealed-after-a-long-delay/ https://www.israelhayom.com/2024/08/22/world-no-1-tennis-players-tested-positive-for-anabolic-steroid-the-results-were-revealed-after-a-long-delay/#respond Thu, 22 Aug 2024 12:30:42 +0000 https://www.israelhayom.com/?p=989547   World No. 1 tennis player Jannik Sinner tested positive twice for the anabolic steroid clostebol metabolite during the Indian Wells tournament and in an out-of-competition sample. Despite the positive tests, an independent tribunal cleared Sinner to continue participating after he successfully appealed the provisional suspension, attributing the contamination to an over-the-counter spray used by […]

The post World No. 1 tennis players tested positive for anabolic steroid, the results were revealed after a long delay appeared first on www.israelhayom.com.

]]>
 

World No. 1 tennis player Jannik Sinner tested positive twice for the anabolic steroid clostebol metabolite during the Indian Wells tournament and in an out-of-competition sample.

Despite the positive tests, an independent tribunal cleared Sinner to continue participating after he successfully appealed the provisional suspension, attributing the contamination to an over-the-counter spray used by his team member.

Sinner did lose ranking points and prize money from the Indian Wells tournament due to the failed tests.

The ITIA kept Sinner's case confidential for five months after the doping incidents, raising controversy for the delayed revelation involving the top-ranked player.

Fellow players criticized the inconsistencies in handling the case and questioned the fairness of anti-doping regulations and penalties in professional tennis.

The ruling on Sinner's case may face appeals from anti-doping agencies.

WADA and the Italian Anti-Doping Agency have the option to appeal the decision.

Despite the controversy, Sinner remains the top seed at the upcoming U.S. Open after winning the Cincinnati Open and is among the favorites to win the tournament, along with Djokovic and Alcaraz.

Sources: Reuters, New York Times, Independent, Newsweek, NBC News, Forbes, BBC, New York Post, Fox News, Spiegel, South China Morning Post, Al Jazeera, The Hindu, Zocalo, Times of India, fmImpacto, Asharq Al-Awsat, Republic World

This article was written in collaboration with Generative AI news company Alchemiq.

The post World No. 1 tennis players tested positive for anabolic steroid, the results were revealed after a long delay appeared first on www.israelhayom.com.

]]>
https://www.israelhayom.com/2024/08/22/world-no-1-tennis-players-tested-positive-for-anabolic-steroid-the-results-were-revealed-after-a-long-delay/feed/
Oldest woman in the world dies at 117 https://www.israelhayom.com/2024/08/22/oldest-woman-in-the-world-dies-at-117/ https://www.israelhayom.com/2024/08/22/oldest-woman-in-the-world-dies-at-117/#respond Thu, 22 Aug 2024 12:00:38 +0000 https://www.israelhayom.com/?p=989517   María Branyas Morera, born to a Spanish family in San Francisco in 1907, recently passed away at the age of 117, making her the world's oldest person at the time of her death. Branyas lived through major historical events. Branyas credited her longevity to genetics, lifestyle choices, diet, emotional stability, positivity, and a good […]

The post Oldest woman in the world dies at 117 appeared first on www.israelhayom.com.

]]>
 

María Branyas Morera, born to a Spanish family in San Francisco in 1907, recently passed away at the age of 117, making her the world's oldest person at the time of her death.

Branyas lived through major historical events. Branyas credited her longevity to genetics, lifestyle choices, diet, emotional stability, positivity, and a good connection with family and friends.

In 1915 her family moved back to Catalonia, after her father declared bankruptcy. Her father died of tuberculosis during the voyage, and she lost her hearing in one ear falling from the upper deck at the age of 7. The family first resettled in Barcelona, and then moved to Banyoles. Her mother later remarried.

Branyas married a doctor and had three children. Two of her daughters are still alive, and one son died in a tractor accident at the age of 86.

During the Spanish Civil War she worked as a nurse.

After Branyas' death, Tomiko Itooka, a 116-year-old former mountaineer from Japan, became the oldest living person. The record for the oldest person ever is held by Frenchwoman Jeanne Calment, who lived to be 122 years and 164 days.

The number of people living over 100 years has been increasing, with an estimated 3.7 million supercentenarians by 2050. Their healthy aging may relate to unique characteristics of their T cells and strong immune systems.

Branyas' exceptional longevity was attributed to good genetics, low levels of fat and sugar in her blood, and her cells aging more slowly than average. There is no singular secret to a long life, with lifestyle factors, genetics, and individual choices all play a role.

Branyas survived the COVID-19 pandemic at the age of 113 and recovered in April 2020, becoming the oldest known survivor at that time.

In her final days, Branyas expressed readiness for death, wanting to be found smiling, free, and satisfied, and urged her loved ones not to cry or suffer for her.

Her status as the oldest living woman and person was confirmed by Guinness World Records.

Sources: National Geographic, NBC News, Independent, New York Times, Newsweek, The Guardian, Live Science, ABC News, USA Today, Le Monde, New York Post, El País, Al Jazeera, Yahoo News, Infobae, MetroTV, Times of India, Proceso, Japan Times, Diario Uno.

This article was written in collaboration with Generative AI news company Alchemiq.

The post Oldest woman in the world dies at 117 appeared first on www.israelhayom.com.

]]>
https://www.israelhayom.com/2024/08/22/oldest-woman-in-the-world-dies-at-117/feed/
Chelsea's frenzied transfer bout sees Conor Gallagher swapped for Joao Félix https://www.israelhayom.com/2024/08/22/chelseas-frenzied-transfer-bout-sees-conor-gallagher-swapped-for-joao-felix/ https://www.israelhayom.com/2024/08/22/chelseas-frenzied-transfer-bout-sees-conor-gallagher-swapped-for-joao-felix/#respond Thu, 22 Aug 2024 11:30:37 +0000 https://www.israelhayom.com/?p=989515   Conor Gallagher, a 24-year-old Chelsea academy graduate, has completed a £33 million transfer from Chelsea to Atlético Madrid, signing a five-year contract. The deal was finalized after Atlético Madrid sold Joao Félix to Chelsea, in a deal estimated to be worth £45 million The deal reflects Chelsea's strategy of selling homegrown players to fund […]

The post Chelsea's frenzied transfer bout sees Conor Gallagher swapped for Joao Félix appeared first on www.israelhayom.com.

]]>
 

Conor Gallagher, a 24-year-old Chelsea academy graduate, has completed a £33 million transfer from Chelsea to Atlético Madrid, signing a five-year contract.

The deal was finalized after Atlético Madrid sold Joao Félix to Chelsea, in a deal estimated to be worth £45 million

The deal reflects Chelsea's strategy of selling homegrown players to fund new signings and rebuild their squad with young, potentially exciting players.

Gallagher joined Chelsea's academy at the age of eight and made his senior debut for the club in August 2022 after loan spells at several clubs, including Charlton Athletic, Swansea City, West Bromwich Albion, and Crystal Palace, where he was named the best player of the 2021/22 season.

He played 95 games for Chelsea in the last two seasons, scoring ten goals and providing ten assists, and was a key player for the club in his second season with 50 appearances and seven goals. He has 18 international appearances for England, including at the Euro 2020 and World Cup 2022.

Chelsea's unique transfer strategy, influenced by the Premier League's profit and sustainability rules, involves a high turnover of players and a lack of sentimentality, as seen in the departures of Gallagher, Raheem Sterling, Trevoh Chalobah, and Carney Chukwuemeka.

The club's transfer activity has been frenzied, with over $250 million spent on ten new players in this window, and significant sums spent in previous transfer periods. Under the Boehly-Clearlake ownership the club sees players coming out of its academy as pure profit due to signing for free as youngsters.

Atlético de Madrid has made several new signings, including Robin Le Normand, Alexander Sorloth, and Julián Álvarez, and will host Girona after a disappointing start to the LaLiga season.

Sources: BBC, NYTimes, The Guardian, The Sun, CNN Brasil, The Irish Times, The Scottish Sun, News-Gazette, Eastern Mirror Nagaland, Newsroom Odisha, ESPN, CCMA, Haber7

This article was written in collaboration with Generative AI news company Alchemiq.

The post Chelsea's frenzied transfer bout sees Conor Gallagher swapped for Joao Félix appeared first on www.israelhayom.com.

]]>
https://www.israelhayom.com/2024/08/22/chelseas-frenzied-transfer-bout-sees-conor-gallagher-swapped-for-joao-felix/feed/
Massive drone attack on Moscow intercepted by Russian defenses https://www.israelhayom.com/2024/08/22/massive-drone-attack-on-moscow-intercepted-by-russian-defenses/ https://www.israelhayom.com/2024/08/22/massive-drone-attack-on-moscow-intercepted-by-russian-defenses/#respond Thu, 22 Aug 2024 11:00:36 +0000 https://www.israelhayom.com/?p=989513   Moscow faced one of the largest drone attacks since the start of the Russia-Ukraine war, with Russian air defenses reportedly intercepting and destroying between 10-45 Ukrainian drones. Russia accused Ukraine of previous drone attacks on the Kremlin and government buildings. Ukraine has been targeting oil refineries, airfields, and the capital in Russia with drones, […]

The post Massive drone attack on Moscow intercepted by Russian defenses appeared first on www.israelhayom.com.

]]>
 

Moscow faced one of the largest drone attacks since the start of the Russia-Ukraine war, with Russian air defenses reportedly intercepting and destroying between 10-45 Ukrainian drones.

Russia accused Ukraine of previous drone attacks on the Kremlin and government buildings.

Ukraine has been targeting oil refineries, airfields, and the capital in Russia with drones, and has made significant advances into the Kursk region, altering the dynamic of the conflict.

Ukraine has not yet commented on the attack.

Russia's state telecommunications monitoring service reported mass disruption of Telegram and WhatsApp.

Ukraine claims to control 1,263 square km of Kursk territory, including 93 settlements.

Ukraine's armed forces also claimed to have destroyed a significant number of attack drones launched by Russia, including through electronic warfare.

Ukraine continues to lose ground in its eastern industrial region of Donbas, but its counterattack in Kursk has made additional advances.

Sources: Axios, New York Times, Newsweek, Sky News, Bloomberg, AP News, CBS News, CNBC, NBC News, Independent, ABC News, Fox News, SCMP, The Sun, Al Jazeera, CBC, Hurriyet Daily News, Yahoo News.

This article was written in collaboration with Generative AI news company Alchemiq.

The post Massive drone attack on Moscow intercepted by Russian defenses appeared first on www.israelhayom.com.

]]>
https://www.israelhayom.com/2024/08/22/massive-drone-attack-on-moscow-intercepted-by-russian-defenses/feed/
Sven-Göran Eriksson's life, battle with cancer depicted in Amazon Prime documentary https://www.israelhayom.com/2024/08/22/sven-goran-erikssons-life-battle-with-cancer-depicted-in-amazon-prime-documentary/ https://www.israelhayom.com/2024/08/22/sven-goran-erikssons-life-battle-with-cancer-depicted-in-amazon-prime-documentary/#respond Thu, 22 Aug 2024 10:30:32 +0000 https://www.israelhayom.com/?p=989487   Sven-Göran Eriksson's life and battle with cancer are the subject of Amazon Prime's   documentary "Sven," set to premier Friday. The documentary features key images from his career, including his dream of managing Liverpool, and tributes from former players like David Beckham and Wayne Rooney. The celebrated Swedish football coach was diagnosed with terminal […]

The post Sven-Göran Eriksson's life, battle with cancer depicted in Amazon Prime documentary appeared first on www.israelhayom.com.

]]>
 

Sven-Göran Eriksson's life and battle with cancer are the subject of Amazon Prime's   documentary "Sven," set to premier Friday. The documentary features key images from his career, including his dream of managing Liverpool, and tributes from former players like David Beckham and Wayne Rooney.

The celebrated Swedish football coach was diagnosed with terminal pancreatic cancer. In January, he said in an interview with Swedish Radio P1 he has no more than a year to live.

Despite his illness, Eriksson decided to coach a match between Liverpool legends and Ajax legends at Anfield.

Eriksson had successful stints with clubs in Sweden, Portugal, and Italy before becoming the first foreign manager for England's men's team, leading them to two World Cup quarter-finals. He faced criticism for not maximizing the potential of the "Golden Generation" and early tournament exits.

Eriksson's long-term partner Yaniseth Alcides, a former dancer from Panama, is featured in the Amazon Prime documentary. The couple lives in a sprawling property in Sweden, and Yaniseth remains hopeful despite Eriksson's prognosis.

Sources: BBC, Independent, The Sun, Dagbladet, Infobae, Yahoo, Narod, Monitor, CityAM, Quotidiano, Telecomasia, Shekulli, Birmingham Mail, El Observador, Yeniduzen, Vijesti, Oggi Treviso, Raport.

This article was written in collaboration with Generative AI news company Alchemiq.

The post Sven-Göran Eriksson's life, battle with cancer depicted in Amazon Prime documentary appeared first on www.israelhayom.com.

]]>
https://www.israelhayom.com/2024/08/22/sven-goran-erikssons-life-battle-with-cancer-depicted-in-amazon-prime-documentary/feed/
After "Dahmer," Netflix's "Monsters" tackles the Mendez Brothers https://www.israelhayom.com/2024/08/22/after-dahmer-netflixs-monsters-tackles-the-mendez-brothers/ https://www.israelhayom.com/2024/08/22/after-dahmer-netflixs-monsters-tackles-the-mendez-brothers/#respond Thu, 22 Aug 2024 10:00:26 +0000 https://www.israelhayom.com/?p=989467   Netflix's true crime anthology series "Monsters" is continuing with "Monsters: The Lyle & Erik Menendez Story," focusing on the infamous case of the Menendez brothers who were convicted of killing their parents in 1996. The Menendez brothers were convicted of first-degree murder and sentenced to life in prison without parole. The miniseries explores the […]

The post After "Dahmer," Netflix's "Monsters" tackles the Mendez Brothers appeared first on www.israelhayom.com.

]]>
 

Netflix's true crime anthology series "Monsters" is continuing with "Monsters: The Lyle & Erik Menendez Story," focusing on the infamous case of the Menendez brothers who were convicted of killing their parents in 1996.

The Menendez brothers were convicted of first-degree murder and sentenced to life in prison without parole.

The miniseries explores the conflicting narratives surrounding the case, with the brothers claiming they acted out of fear due to years of abuse, while prosecutors argued they killed for inheritance.

The series is created by Ryan Murphy and Ian Brennan, with a star-studded cast including Javier Bardem, Chloë Sevigny, Nicholas Alexander Chavez, and Nathan Lane.

Directors include Brennan, Max Winkler, and Carl Franklin. Ryan Murphy, and David McMillan are the writers.

The Menendez case was previously depicted in "The Menendez Murders."

The previous series by Murphy, "Dahmer - Monster: The Jeffrey Dahmer Story," was criticized for being exploitative, with families of Dahmer's victims speaking out against it.

Sources: Independent, Economic Times, Telegraaf, Terra, Daily Star, Pinkvilla, Bleeding Cool, Sportskeeda, Indiatimes, Coming Soon, Manchester Evening News, Times Now, Rural Radio, Hypebeast, HotNews, Tribune, TV Tonight.

This article was written in collaboration with Generative AI news company Alchemiq.

The post After "Dahmer," Netflix's "Monsters" tackles the Mendez Brothers appeared first on www.israelhayom.com.

]]>
https://www.israelhayom.com/2024/08/22/after-dahmer-netflixs-monsters-tackles-the-mendez-brothers/feed/
Kenyan 'vampire' serial killer suspect escapes custody https://www.israelhayom.com/2024/08/22/kenyan-vampire-serial-killer-suspect-escapes-custody/ https://www.israelhayom.com/2024/08/22/kenyan-vampire-serial-killer-suspect-escapes-custody/#respond Thu, 22 Aug 2024 09:30:22 +0000 https://www.israelhayom.com/?p=989445   Kenyan police have taken disciplinary measures against eight officers over the escape of 13 detainees, including an alleged serial killer named Collins Jumaisi Khalusha, from Nairobi police cells. Khalusha, a 33-year-old Kenyan, has allegedly confessed to murdering 42 women, including his wife. His lawyer claimed he was tortured and forced to confess. The Kenyan […]

The post Kenyan 'vampire' serial killer suspect escapes custody appeared first on www.israelhayom.com.

]]>
 

Kenyan police have taken disciplinary measures against eight officers over the escape of 13 detainees, including an alleged serial killer named Collins Jumaisi Khalusha, from Nairobi police cells.

Khalusha, a 33-year-old Kenyan, has allegedly confessed to murdering 42 women, including his wife. His lawyer claimed he was tortured and forced to confess.

The Kenyan authorities described Khalusha as a "psychopathic serial killer" and a "vampire".

He escaped along with other inmates, including Eritrean illegal immigrants, by cutting through wire mesh and scaling the perimeter wall. Police officers who were on duty at the time are suspected of having aided the escape.

Kenyan police launched a "major security operation" to recapture Khalusha.

This incident has put the Kenyan police force under scrutiny, as it is the second high-profile escape from custody in the span of six months.

Khalusha was arrested in July, after bodies of 10 individuals, including 9 women, and body parts were discovered in plastic bags in a quarry in Nairobi's Mukuru area.

Police said the area was searched after relatives of a missing woman were told in a dream where to look for her.

A forensic investigation showed that the victims had no bullet wounds, with one being strangled to death.

The Kenyan police watchdog and human rights agency are investigating the possibility of police involvement in the deaths, as the Kenyan police have faced accusations of impunity and using excessive force, especially in poor neighborhoods.

Sources: The Guardian, Washington Post , LA Times, CNN, Le Monde, New York Post, France 24, Libération, BirGün, Il Messaggero, LatestLY, Tuổi Trẻ, Newser, BeritaSatu, Africaïn.info, Lanka Times, Koha Ditore.

This article was written in collaboration with Generative AI news company Alchemiq.

The post Kenyan 'vampire' serial killer suspect escapes custody appeared first on www.israelhayom.com.

]]>
https://www.israelhayom.com/2024/08/22/kenyan-vampire-serial-killer-suspect-escapes-custody/feed/
Argentine health authorities quarantine ship over mpox case https://www.israelhayom.com/2024/08/22/argentine-health-authorities-quarantine-ship-over-mpox-case/ https://www.israelhayom.com/2024/08/22/argentine-health-authorities-quarantine-ship-over-mpox-case/#respond Thu, 22 Aug 2024 09:00:21 +0000 https://www.israelhayom.com/?p=989443   the Ina Lotte, a ship hoisting a Liberian flag traveling on the Paraná River near Rosario, Argentina, was isolated after a crew member showed symptoms compatible with monkeypox (mpox). The ship was quarantined at the San Lorenzo port. Argentine health authorities activated the protocol while awaiting test results for the symptomatic crew member. According […]

The post Argentine health authorities quarantine ship over mpox case appeared first on www.israelhayom.com.

]]>
 

the Ina Lotte, a ship hoisting a Liberian flag traveling on the Paraná River near Rosario, Argentina, was isolated after a crew member showed symptoms compatible with monkeypox (mpox).

The ship was quarantined at the San Lorenzo port. Argentine health authorities activated the protocol while awaiting test results for the symptomatic crew member.

According to reports, the affected crew member's test results later confirmed signs of monkeypox.

Argentina confirmed eight cases of mpox so far. The infected crew member is reportedly in the early stages of the virus, and not exhibiting visible symptoms yet.

Monkeypox is an infectious disease transmitted through close contact, causing painful rash and fever, primarily found in the Democratic Republic of Congo. The isolation of the ship due to monkeypox differs from COVID-19 protocols, as monkeypox spreads through direct contact, not respiratory droplets like COVID-19.

The World Health Organization has declared mpox a global public health emergency, as a new variant is spreading rapidly in Africa.

The WHO urged pharmaceutical companies to ramp up vaccine production to halt the spread of the new strain. Two recommended vaccines are MVA-BN from Bavarian Nordic and LC16 from Japan. More doses could be available by 2025 with sufficient commitment and demand.

Sources: Cronica, Infobae, Montevideo, Safety4Sea, El Dia, The Globe and Mail, Daily Mail, Devdiscourse, Gazette, Perfil.

This article was written in collaboration with Generative AI news company Alchemiq.

The post Argentine health authorities quarantine ship over mpox case appeared first on www.israelhayom.com.

]]>
https://www.israelhayom.com/2024/08/22/argentine-health-authorities-quarantine-ship-over-mpox-case/feed/
Indiana Jones and the Great Circle set for December release https://www.israelhayom.com/2024/08/22/indiana-jones-and-the-great-circle-set-for-december-release/ https://www.israelhayom.com/2024/08/22/indiana-jones-and-the-great-circle-set-for-december-release/#respond Thu, 22 Aug 2024 08:30:17 +0000 https://www.israelhayom.com/?p=989423   Indiana Jones and the Great Circle, a first-person adventure game developed by MachineGames, is set to release on December 9 for Xbox and PC, with a PlayStation 5 version planned for spring 2025. The game is set in 1937 between "Raiders of the Lost Ark" and "The Last Crusade," offering an immersive experience where […]

The post Indiana Jones and the Great Circle set for December release appeared first on www.israelhayom.com.

]]>
 

Indiana Jones and the Great Circle, a first-person adventure game developed by MachineGames, is set to release on December 9 for Xbox and PC, with a PlayStation 5 version planned for spring 2025.

The game is set in 1937 between "Raiders of the Lost Ark" and "The Last Crusade," offering an immersive experience where players can think and act like the iconic archaeologist, featuring a globetrotting, Nazi-bashing, archaeology-fueled, mystery-solving adventure with a primarily first-person perspective, and a lighthearted tone that leans into classic Indiana Jones tropes.

Bethesda announced the release date for Indiana Jones and the Great Circle during Gamescom Opening Night Live 2024.

The game features Troy Baker's rendition of a young Harrison Ford as Indiana Jon

Gameplay will involve solving puzzles, engaging in combat using Indy's whip, revolver, fists, and palms, traversing environments, and encountering booby traps while raiding temples and ancient ruins. The game incorporates classic point-and-click game elements for puzzle-solving, and stealth gameplay involving disguises and blending in.

Indiana Jones is accompanied in the game by Gina, an Italian journalist. es.

The game world of "Great Circle" is the largest ever created by MachineGames, offering a variable gaming experience with exploration beyond the main story path.

The game includes a journal and camera feature for recording discoveries and earning Adventure Points. Pre-purchasing or playing on Game Pass will grant bonus items like The Last Crusade pack, inspired by the 1989 film.

The game features cinematic set pieces, including a thrilling fighter plane chase.

Sources: Washington Post, Forbes, The Verge, Ars Technica, Gizmodo, Mashable, Engadget, TechRadar, ReadWrite, CNET, The Sun.

This article was written in collaboration with Generative AI news company Alchemiq.

The post Indiana Jones and the Great Circle set for December release appeared first on www.israelhayom.com.

]]>
https://www.israelhayom.com/2024/08/22/indiana-jones-and-the-great-circle-set-for-december-release/feed/
Elon Musk's $44 billion Twitter (X) acquisition described as worst leveraged buyout deal for lenders since 2008 https://www.israelhayom.com/2024/08/22/elon-musks-44-billion-twitter-x-acquisition-described-as-worst-leveraged-buyout-deal-for-lenders-since-2008/ https://www.israelhayom.com/2024/08/22/elon-musks-44-billion-twitter-x-acquisition-described-as-worst-leveraged-buyout-deal-for-lenders-since-2008/#respond Thu, 22 Aug 2024 08:09:16 +0000 https://www.israelhayom.com/?p=989421   A WSJ report published Tuesday describes Elon Musk's $44 billion acquisition of Twitter (now X) as the worst leveraged buyout (LBO) deal for the banks involved in it since the 2008 global financial crisis. The report cites data by PitchBook LCD showing $13 billion in loans remained unsold on the banks' balance sheets, making […]

The post Elon Musk's $44 billion Twitter (X) acquisition described as worst leveraged buyout deal for lenders since 2008 appeared first on www.israelhayom.com.

]]>
 

A WSJ report published Tuesday describes Elon Musk's $44 billion acquisition of Twitter (now X) as the worst leveraged buyout (LBO) deal for the banks involved in it since the 2008 global financial crisis. The report cites data by PitchBook LCD showing $13 billion in loans remained unsold on the banks' balance sheets, making it the longest unsold debt financing deal on their books since the financial crisis.

X's poor financial performance has made it difficult for banks to sell the debt, leading to significant losses and write-downs.

Musk's controversial comments and actions during his ownership of Twitter have impacted the platform's brand and financial performance. Twitter is currently valued at $19 billion, less than half of what Musk paid for it, and its financial struggles persist despite Musk's efforts to revamp and cut costs.

Musk may need to sell $1 billion to $2 billion in Tesla shares to address X's financial issues.

Talks with bankers regarding restructuring the debt for Twitter have reached an impasse.

Lenders may face a $2 billion loss if Twitter cannot pay back the principal on the loans.

Despite the challenges, banks remain interested in Musk's ventures, including a potential IPO of his companies like SpaceX or Starlink.

Analysts have a Hold consensus rating on TSLA stock, with potential downside from current levels.

The disastrous outcome of Musk's ambitious social media takeover has placed bank executives under intense pressure, highlighting the risks for potential leveraged buyout investors.

Sources: Futurism, Business Insider, Gizmodo, TipRanks, Latestly, Aussiedlerbote, Evrim Ağacı, Market Research Telecast, Gigazine, Wolf Street, The Bharat Express News, SFist, BroBible.

This article was written in collaboration with Generative AI news company Alchemiq.

The post Elon Musk's $44 billion Twitter (X) acquisition described as worst leveraged buyout deal for lenders since 2008 appeared first on www.israelhayom.com.

]]>
https://www.israelhayom.com/2024/08/22/elon-musks-44-billion-twitter-x-acquisition-described-as-worst-leveraged-buyout-deal-for-lenders-since-2008/feed/