Elon Musk's Banks Won't Complain About $13 Billion Twitter …

Aug 20, 2024 · Elon Musk's $43 billion acquisition of Twitter has a new distinction: the worst banking deal since 2008. The banks that lent Musk $13 billion are struggling to resell the debt, …

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Elon Musk's Banks Won't Complain About $13 Billion Twitter …

4 hours from now

Aug 20, 2024 · Elon Musk's $43 billion acquisition of Twitter has a new distinction: the worst banking deal since 2008. The banks that lent Musk $13 billion are struggling to resell the debt, …

businessinsider.com

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Elon Musk Told Bankers They Wouldn’t Lose Any Money On Twitter …

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Dec 15, 2023 · Elon Musk privately told some of the bankers who lent him $13 billion to fund his leveraged buyout of Twitter that they would not lose any money on the deal, according to five …

arstechnica.com

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Bankers Have Lost So Much Money Thanks To Elon's Terrible …

4 hours from now

Aug 21, 2024 · Seven banks loaned Elon Musk money totaling $13 billion in 2022 to help him buy Twitter, now known by the obnoxiously generic name X, and every single one has been unable …

gizmodo.com

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Banks Still Stuck With $13 Billion In Risky Loans From Musk’s LBO …

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Aug 20, 2024 · The banks could sell the leveraged loans, but only at a big loss. Some have already written them down by hundreds of millions of dollars. By Wolf Richter for WOLF …

wolfstreet.com

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Elon Musk’s Twitter Buy: Add Bankers To The List Of Victims

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Aug 20, 2024 · When Elon Musk decided to buy Twitter, he enlisted the help (and financial assistance) of seven major banks to back his offer, ultimately securing loans of $13 billion. It …

fastcompany.com

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Report: Banks That Loaned Money To Elon Musk For Twitter …

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Aug 22, 2024 · The banks that helped Elon Musk buy Twitter in 2022 are still stuck with the $13 billion debt, and it’s hurting their bottom lines.. According to a Wall Street Journal report, banks …

washingtontimes.com

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Elon Musk's Twitter Buy The Worst Financing Deal For Banks Since …

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Aug 20, 2024 · Elon Musk's Twitter acquisition ended up being the worst financing deal for banks since 2008, the WSJ said. The $13 billion in loans Musk took out have been stuck on banks' …

businessinsider.com

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Banks Backing Musk's Twitter Deal To Park $13 Billion In Debt

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Oct 22, 2022 · The banks helping finance Elon Musk's Twitter takeover plan to park the $13 billion of debt backing the deal on their balance sheets rather than selling it at a loss to loan and …

newsmax.com

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Elon Musk’s $13 Billion Whip Hand Against Wall Street: How …

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Oct 4, 2023 · To clinch the deal, the three sources of funding (Musk personally, the lenders, and his co-investors) paid roughly $41.2 billion for Twitter’s stock at $54.20 per share including …

yahoo.com

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Twitter Takeover: Banks Reportedly Begin $13B Cash Turnover …

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Oct 27, 2022 · Banks have started to send $13 billion in cash backing Elon Musk’s takeover of Twitter, according to people familiar with the matter, the latest sign the $44 billion deal is set to …

ibtimes.com

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Elon Musk's $44 Billion Twitter Purchase Ranks As Worst Deal For …

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Aug 20, 2024 · Elon Musk's $44 billion purchase of Twitter Inc. has emerged as the worst buyout since the global financial crisis for seven large financial institutions that provided debt for the …

morningstar.com

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Twitter Takeover 'worst Buyout For Banks Since Financial Crash'

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Aug 20, 2024 · Elon Musk's multi-billion dollar takeover of Twitter (now X) has been cited as the worst buyout for banks since the 2008-09 financial crisis. ... Loans of around $13 billion have …

thelondoneconomic.com

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Elon Musk's Twitter Takeover Could Leave Banks Holding $13 Billion …

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Oct 22, 2022 · Elon Musk is expected to close Twitter deal by October 28. Patrick Pleul/Getty Images; Vicky Leta/Insider. Musk's Twitter deal could leave banks holding $13 billion in debt, …

yahoo.com

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Elon Musk’s $13 Billion Twitter Deal Turns Into Major ... - TechStory

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Aug 21, 2024 · In October 2022, Elon Musk finalized his purchase of Twitter with a $13 billion loan provided by a consortium of major banks, including Morgan Stanley, Bank of America, and …

techstory.in

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Elon Musk’s Twitter Takeover Is Now The Worst Buyout For Banks …

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The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis. The seven banks involved in the deal, …

msn.com

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Banks Forced To Hold On To Twitter Deal Debt-sources - Yahoo …

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Oct 21, 2022 · The banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty …

yahoo.com

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Shocking $308 Million Heist: North Korean Hackers Target DMM

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Breaking news in the world of cryptocurrency as the FBI confirms North Korean hackers are behind the massive $308 million breach of the DMM Exchange. Could t...

youtube.com

FAQs about Elon Musk's Banks Won't Complain About $13 Billion Twitter … Coupon?

Is Elon Musk's $43 billion acquisition of Twitter a bad deal?

Elon Musk's $43 billion acquisition of Twitter has a new distinction: the worst banking deal since 2008. The banks that lent Musk $13 billion are struggling to resell the debt, causing them problems. And yet those banks would be happy to have those problems if it helps them work on Musk's next deal. ...

How much did banks pay for Elon Musk's takeover of Twitter?

Banks have reportedly started turning over a combined $13 billion for Elon Musk's takeover of Twitter. This news came hours after Musk visited the social media platform's headquarters in San Francisco, California. ...

Did Elon Musk make a $13 billion blunder?

Elon Musk made a $13 billion blunder. Wall Street still wants to work with him. Elon Musk's deal to borrow $13 billion to finance his Twitter purchase was a flop. Those same banks very much want to be in business with him. WPA Pool Elon Musk's $43 billion acquisition of Twitter has a new distinction: the worst banking deal since 2008. ...

Which banks were involved in Elon Musk's $44 billion takeover?

Banks involved in the $44 billion takeover include Morgan Stanley, Bank of America, and Barclays. Elon Musk's Twitter deal could leave banks stuck with $13 billion in debt, making it the biggest stalled deal on record. ...

Did Elon Musk send borrowing notices to banks?

Elon Musk, the CEO of Tesla, has reportedly sent borrowing notices to banks for the $44 billion takeover of Twitter, according to the Wall Street Journal (WSJ). Funding notices like the one sent by Musk to banks are typically delivered three to five days before the funds are needed. ...

Why did banks lent Elon Musk $13 billion?

More important, per The Wall Street Journal, which first reported the story: The banks that lent Elon Musk $13 billion so he could incinerate that money want to keep working with Elon Musk. They are eager to be well-positioned to work with Musk and his six companies that range from electric-vehicle maker Tesla to Neuralink and xAI. ...