Reuters.com/technology/wall-street-banks-set-sell-billions-dollars-x-loans-wsj-reports-2025-01-24
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Wall Street banks prepare to sell up to $3 billion in X loans next week, sources say 2025/01/25 06:17
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- URL: https://www.reuters.com/technology/wall-street-banks-set-sell-billions-dollars-x-loans-wsj-reports-2025-01-24/
- Posted: January 25, 2025 1:17 AM EST (date: 2025/01/25)
- Topics: X-Twitter Morgan Stanley Elon Musk
- Summary: «Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday.» [...] «Banks expect to get 90 to 95 cents on the dollar, according to the Wall Street Journal, which first reported preparations for the sale. Musk denied the Journal report as "false," posting on X that the newspaper was "lying."»
- authors: Tatiana Bautzer and Saeed Azhar
- source: Reuters