WSJ: US banks sold the last part of Musk’s debt to buy Twitter
A group of the largest Wall Street banks was able to resell the last part of the debt provided to the American billionaire and entrepreneur Elon Musk to buy the social network Twitter (X). This was reported on April 28 by The Wall Street Journal (WSJ).
“On Monday, banks sold the last part of the debt they issued for Musk’s takeover of Twitter in 2022. Loans worth $1.2 billion were sold at 98 cents on the dollar,” the publication clarifies, citing sources.
It is specified that Musk was able to gain control of the social network thanks to the help of seven banks.
Earlier, on March 29, Musk’s startup xAI bought all the shares of the X social network. The cost of the merger is $80 billion, and X is $33 billion, Musk announced. xAI was founded two years ago and now creates high-speed data processing models.
Բաժանորդագրվեք մեր ալիքին Telegram-ում
