The banks that loaned Musk $13B to buy Twitter might be having regrets

Aug 21, 2024
the-banks-that-loaned-musk-$13b-to-buy-twitter-might-be-having-regrets

X, formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance its $44 billion acquisition. According to the WSJ, the deal has since become the worst merger-finance deal for banks since the 2008-2009 financial crisis.

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