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 …
Wall Street banks to sell billions in loans given to Elon Musk for ...
3 days ago · Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said …
Elon Musk’s Twitter deal may be the worst leveraged buyout
Aug 20, 2024 · Elon Musk’s purchase of Twitter could go down as the worst leveraged buyout (LBO) deal for banks since the 2008 global financial crisis in the latest worrying sign the deal is …
Elon Musk email to X staff: ‘we’re barely breaking even’
3 days ago · Elon Musk told X employees that user growth is stagnant while banks prepare to sell off some of the billions in debt they hold from financing his Twitter purchase. ... Barclays, and …
The worst deal ever, and it still might be affecting bonuses
Aug 21, 2024 · Barclays demonstrates that nice bankers sometimes still lose. It’s official – the financing for Elon Musk’s acquisition of Twitter (X) is the worst leveraged finance deal since …
Dette d'Elon Musk : les banques prêtes à se libérer de ... - Les Echos
1 day ago · Empêtrées depuis plus de deux ans avec les 13 milliards de dollars d'Elon Musk pour racheter le réseau X, les banques tentent le tout pour le tout. Y compris à perte. Y compris à …
Elon Musk’s Twitter deal could tank the leveraged buyout market
Oct 21, 2022 · Elon Musk’s antics have made it hard for his banks — Morgan Stanley, Bank of America, and Barclays — to sell the debt required to do the Twitter deal.
In a letter to employees, Elon Musk wrote that X has financial …
2 days ago · Elon Musk will have to find a solution for this situation, considering that they need financing. Bankers from Morgan Stanley Barclays and Bank of America contacted investors, …
Twitter deal tests banks’ resolve as they brace for big losses
Oct 7, 2022 · The banks, including Bank of America, Barclays, and Japanese bank and Morgan Stanley-investor MUFG, are not expected to attempt to raise $12.5bn of the debt through …
What Were Elon Musk’s Lenders Thinking? - The Atlantic
Nov 23, 2022 · Morgan Stanley took the lead and organized a syndicate of banks—including Bank of America and Barclays—that committed to lending Musk $13 billion. The whole thing took …