Morgan Stanley-led banks face $500 million loss on Twitter debt5 min read 08 Oct 2022, 05:18 PM IST
Banks led by Morgan Stanley are facing a potential loss of $500 million as they agreed to finance Elon Musk's purchase of Twitter
When banks led by Morgan Stanley agreed in April to help finance Elon Musk’s purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world. Now neither Musk nor the banks have an obvious way to wriggle out of it.
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