Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Elon Musk's Twitter deal could leave banks holding $13 bn in debt: Report
short by Bhawana Chaudhary / on Sunday, 23 October, 2022
Banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter plan to hold the debt rather than sell it, WSJ reported citing sources. The report added that banks would likely face losses of at least $500 million if they sell Twitter's debt at current market prices. This would make it the biggest stalled deal on record.
read more at Business Insider