Banks sell down $5.5 billion of Musk's X debt to investors, source says
Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk's $44 billion acquisition of Twitter, now called X, in 2022, said a source with knowledge of the deal.
Wall Street banks sell $5.5B of X loans as investors bet big on Elon Musk: report
Banks unloaded $5.5 billion of debt holdings in X that they have been stuck with since 2022, when Musk acquired the site formerly known as Twitter.
Elon Musk’s X debt: Bank consortium sells $5.5 billion of loans amid rising investor demand
Pimco and Citadel are among the investors who have reportedly bought debts tied to X. This comes as Elon Musk's growing influence in the US political landscape appears to be positively impacting the company's outlook.
Banks Sell $5.5B of X’s Debt as Interest in Politically Influential Musk Grows
Banks have successfully made an upsized sale of some of X’s debt to the tune of $5.5 billion, as interest in politically influential owner Elon
Wall Street banks to sell billions in loans given to Elon Musk for purchase of X
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added.
Banks Sell $5.5 Billion of X Loans After Investor Interest Surges
Banks wrapped up the sale of $5.5 billion in debt backed by Musk’s social-media company on Wednesday, people familiar with the matter said. The banks had originally planned to sell around $3 billion at around 95 cents on the dollar,
Musk’s value on Wall Street is rising as banks find buyers for X loans
Banks this week sold $5.5 billion in debt tied to Elon Musk’s 2022 buyout of Twitter, signaling that Wall Street's confidence in Musk is rising alongside the billionaire’s elevated status in Washington.
Banks offload $8.8b in debt linked to Musk’s Twitter takeover
New York | London | Wall Street banks saddled with debt from Elon Musk’ s $US44 billion takeover of Twitter sold large chunks ...
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Elon Musk admits X is 'barely breaking even' in alarming email to staff
Musk reportedly wrote, "we've witnessed the power of X in shaping national conversations and outcomes... [but] our user ...
Elon Musk writes to X employees, says company 'barely breaking even'
According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and ...
Morgan Stanley to Increase Sale of Loans Tied to Musk's X, Bloomberg News Reports
Morgan Stanley and others, such as Bank of America and Barclays, lent Musk money in 2022 to complete his $44 billion buyout ...
Elon Musk told staff X is ‘barely breaking even’, reports say
Musk has tried several different ways to boost X’s profits, including making users pay for verification, something that had ...
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Elon Musk highlights X’s ‘stagnant growth’ and ‘unimpressive revenue’ in email to employees
The Wall Street Journal reports that banks are planning to sell part of the $13 billion in debt they gave Musk to buy Twitter ...
Morgan Stanley-led banks sell $5.5B of X debt: stake in xAI, Musk-Trump alliance in play - reports
A group of banks led by Morgan Stanley sold $5.5 billion of debt related to Elon Musk's acquisition of platform X, formerly known as Twitter, according to a Bloomberg report that cites people with ...
Barclays services back to normal after technical issue
Barclays has apologised to customers after technical problems caused disruption to services and payments over the weekend.