Exclusive: The banks that funded Elon Musk’s $44 billion Twitter …
Oct 6, 2023 · To fortify their position, Morgan Stanley, Barclays, and Bank of America, lenders that combined furnished almost 70% of the financing, have agreed to what's known as a joint "sell-down...
Wall Street banks to sell billions in loans given to Elon Musk
Morgan Stanley, Bank of America, Barclays, X and Elon Musk did not immediately respond to requests for additional comment. Banks typically sell such loans to investors soon after a deal is done ...
Elon Musk email to X staff: ‘we’re barely breaking even’
2 days ago · Part of the reason Bank of America, Barclays, and Morgan Stanley are holding so much of the debt is from trying to avoid selling at a loss after economic conditions changed, and Musk had an ...
Elon Musk's $44 billion Twitter purchase ranks as worst deal for …
Aug 20, 2024 · The 2022 take-private deal for Twitter has left about $13 billion in 'hung' debt held by Bank of America, Morgan Stanley and other big lenders.
The banks that loaned Musk $13B to buy Twitter might be ... - TechCrunch
Aug 20, 2024 · As readers might recall, Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance its $44 billion acquisition. According to the WSJ, the...
Elon Musk Says X 'User Growth Is Stagnant' As Banks Set To …
2 days ago · Banks who helped finance Elon Musk's $44 billion ... Wall Street Journal reported that Morgan Stanley MS bankers are planning to sell up to $3 billion of debt in X owned by Bank of America, ...
Twitter deal tests banks’ resolve as they brace for big losses
Oct 7, 2022 · Elon Musk’s $44bn takeover of Twitter was meant to be one of the ultimate bounties for Wall Street lenders, with seven banks tripping over one another to lend $13bn to fund the deal in April.
Elon Musk's Twitter Buy the Worst Financing Deal for Banks Since …
Aug 20, 2024 · The lenders, which include banks like Morgan Stanley, Bank of America, and Barclays, have held onto Musk's loans for 22 months. That's the longest unsold debt financing deal for banks since the...
Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks …
The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis.
Musk Twitter deal: Bank of America CEO isn't worried about debt …
Oct 28, 2022 · After Musk first announced plans to buy Twitter in April, he secured equity financing from an array of investors, including technology firms, as well as debt financing from …