X - Elon Musk Reportedly Scrambled To Assure Banks They Wouldn't Lose Money On Twitter Acquisition Despite Expected $2 Billion Hit | Benzinga
Amid concerns over X's flailing business, Elon Musk has reportedly been in discussions with bankers who financed his takeover of the social media platform, offering reassurances about their investment.
What Happened: Musk attempted to assure certain bankers, who provided him with a $13 billion loan for his leveraged buyout of Twitter (now known as X) in private conversations that they would not incur any financial losses in the deal, the Financial Times reported on Friday.
This comes as the banks face the prospect of significant losses from their involvement in the deal.
The Wall Street Journal earlier reported that ...