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...

1 day ago · Wall Street banks on Wednesday sold billions of dollars in X debt holdings thanks to a surge in investor interest as the social network adds big advertisers and Elon Musk gains clout …

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. …

Aug 20, 2024 · Loans that Elon Musk used to buy Twitter have become the worst merger-finance deal for banks since the financial crisis of 2008-09, according to a report. Seven banks …

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.

Oct 28, 2022 · The CEO of Bank of America doesn't appear worried about funding Elon Musk's Twitter takeover.

Oct 26, 2023 · Banks like Morgan Stanley, Bank of America, and Barclays lent Elon Musk over $13 billion to take over Twitter, now X. However, given Elon Musk’s antics and the fact that X’s …

Mar 5, 2024 · Seven banks who have Elon Musk-related debt are trying to negotiate with Musk. They are discussing options that may make the debt less risky to hold.

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 …

Apr 14, 2022 · In a note to clients on Thursday, Bank of America analysts, led by Justin Post, laid out three possible scenarios for how Musk’s takeover bid could move Twitter’s stock in the …