Efforts to offload debt on Musk’s 2022 $44 Billion Buyout Face Challenges Amid Declining Platform Value Wall Street banks are preparing to sell up to $3 billion in loans tied to Elon Musk’s $44 billion acquisition of X, the social media platform formerly known as Twitter. This move follows difficulties in offloading the debt after Musk’s acquisition in 2022. Major financial institutions, including Morgan Stanley, Bank of America, and Barclays, had lent Musk funds to help close the deal, but have struggled to find buyers for the loans amid challenges facing the platform. According to sources familiar with the matter, … Continue reading Wall Street Banks Set to Sell $3 Billion in Loans Tied to Elon Musk’s X Acquisition