Reported about 9 hours ago
A consortium of banks, including Morgan Stanley and Bank of America, has sold the last segment of debt related to Elon Musk's $44 billion acquisition of the social media platform Twitter, now known as X. The final loans, totaling $1.2 billion, were sold at 98 cents on the dollar, yielding a 9.5% return. This move comes as banks have successfully offloaded nearly all of the $13 billion tied to Musk's buyout, aided by X's improving revenue prospects.
Source: YAHOO