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Elon Musk-Twitter Takeover: Banks Said to Be Forced to Hold on to Twitter Deal Debt

Days ahead of the deadline for Elon Musk to close the deal to purchase Twitter, the banks that are providing $13 billion (roughly Rs. 1,07,300 crore) in financing for the deal are said to have dropped their plans to syndicate the debt to investors. Instead, the banks such as Morgan Stanley, Barclays, and Bank of America could keep it on their balance sheets until the...

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