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Banks financing Musk's Twitter deal face hefty losses

Por: CNBC Tech October 05, 2022

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Musk's plan to buy Twitter has worried policymakers around the world.Joe Skipper ReutersElon Musk's U-turn on buying  could not have come at a worse time for the banks funding a large portion of the$44 billion deal and they could be facing significant losses.As in any large acquisition, banks would look to sell the debt to get it off their books. But investors have lost their appetite for riskier debt such as leveraged loans,... + full article



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