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 ...

Wall Street banks are preparing to sell up to $3 billion in debt linked to X, Elon Musk's social media platform. Morgan ...

The Wall Street Journal reports that banks are planning to sell part of the $13 billion in debt they gave Musk to buy Twitter ...

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

Elon Musk has admitted to the financial woes of his social media platform X. In an email to employees this month, Musk said ...

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 ...

Musk's email highlighted that despite X's influence in shaping national conversations, its financial performance has not met ...