Banks that agreed to fund Elon Musk’s takeover of Twitter face the possibility of big losses after the billionaire indicated a willingness to follow through with the deal
Volatility in high yield, loan markets might force Morgan Stanley, Barclays, others to sell $13 billion in Twitter debt at discount
Twitter will become a private company if Elon Musk’s $44 billion takeover bid is approved. The move would allow Musk to make changes to the site. WSJ’s Dan Gallagher explains Musk’s proposed changes and the challenges he might face enacting them. Illustration: Jordan Kranse
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