Technology

Sources: Morgan Stanley and six banks plan to hold $12.7B in debt from Elon Musk's Twitter buyout until early 2023, pending a clearer business plan from Musk (Financial Times)

Photo of Grace Will Grace Will November 1, 2022
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Financial Times:

Sources: Morgan Stanley and six banks plan to hold $12.7B in debt from Elon Musk’s Twitter buyout until early 2023, pending a clearer business plan from Musk  —  Lenders concede they will struggle to drum up demand until Elon Musk unveils detailed strategy  —  Banks that lent $12.7bn …



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