Banks Would Lose At Least 500M If They Fund Musk S Twitter Deal
After months of back and forth, the billionaire Elon Musk reportedly finally agreed to fulfill his commitment to buy Twitter at the original price. However, this is not yet certain, and the court has postponed their trial to October 28. Musk already said he is waiting to receive $13 billion from Morgan Stanley and seven other banks to fund the deal. Now, financial experts say the banks that want to fund this deal may lose “$500m or more if the debt were to be sold now....