A group of banks including Morgan Stanley, Bank of America, Barclays and Mitsubishi UFJ sold the final piece of debt tied to billionaire Elon Musk’s $44 billion buyout of social media platform Twitter, now called X, a source familiar with the matter told Reuters.
Loans worth $1.2 billion have been sold at 98 cents on the dollar, paying a yield of 9.5 per cent, the source added.
Musk’s close relationship
