Elon Musk-Twitter Takeover: Banks Said to Be Forced to Hold on to Twitter Deal Debt

Elon Musk-Twitter Takeover: Banks Said to Be Forced to Hold on to Twitter Deal Debt

The banks providing $13 billion (roughly Rs. 1,07,300 crore) in financing for Tesla CEO Elon Musk’s acquisition of Twitter have abandoned plans to sell the debt to investors because of uncertainty around the social media company’s fortunes and losses, people familiar with the matter said. The banks are not planning…