The banks that funded Twitter deal may have a 'sell-down letter'

As it often is, distressed situations could be complex financially. For example, Musk might be lending money to Twitter to pay the banks' LBO loans. So anyone buying Twitter or taking posession of all or part of Twitter in a loan default would have to make sure there are no claims on twitter they don't know about.

The only thing it does is reduce the risk of any of the banks being manipulated in a divide & conquer effort by a buyer with effective monoposony power because they have information not generally available to other buyers or even the banks themselves.

Which is exactly the scenario that it posited that would be present with Musk right now that it is potentially mitigating.