Banks unloaded $5.5 billion of debt holdings in X that they have been stuck with since 2022, when Musk acquired the site ...

NEW YORK (Reuters) -Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon ...

The deal was said to be offered to a small group of investors by the bank consortium that also included Bank of America. Read ...

Banks are preparing to sell off debt used to help Elon Musk purchase X as the tech tycoon tells employees the company is ...

According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and ...

The banks had initially planned to sell about $3 billion worth of loans, Reuters reported last month. In November, Reuters ...

Elon Musk recently shared to X employees that the company is struggling to break even, and it is still its problem.

Morgan Stanley, Bank of America, Barclays, X and Elon Musk did not immediately respond to requests for additional comment. Banks typically sell such loans to investors soon after a deal is done ...

Despite falling 4.51% over the last five days, Elon Musk's Tesla has surged 108.50% over last year, making it over 4x ...

Elon Musk has revealed that X, formerly Twitter, is struggling financially since his $44 billion acquisition. Banks are attempting to sell $3 billion of the associated debt, having faced difficulty ...

The world's richest man, now firmly embedded in the Trump administration, has lost over $11 billion since the start of the ...

Wall Street banks, led by Morgan Stanley, are preparing to sell up to $3 billion in debt tied to Elon Musks social media ...