Sat.Oct 08, 2022

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Banks stand to lose at least $500m if they fund Elon Musk’s Twitter takeover

TheGuardian

Morgan Stanley and six others committed in April to raise $13bn in debt to finance the purchase – before a deterioration in credit markets Several large US and international banks would lose $500m or more if they proceed with obligations to fund Elon Musk’s $44bn takeover of Twitter, according to a report on Saturday. The banks, led by Morgan Stanley and six others, including Barclays and Bank of America, committed six months ago to raise $13bn in debt to finance Musk’s purchase – an agreement t

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