Elon Musk’s Twitter takeover could leave banks holding $13 billion in debt, making it the biggest stalled deal ever, report says

Musk’s Twitter deal could leave banks holding $13 billion in debt, The Wall Street Journal reported. That would make it the biggest ‘hung’ deal and mean lenders may sell the debt when markets rebound. Banks involved in the $44 billion takeover include Morgan Stanley, Bank of America, and Barclays. The Wall St. Journal reported that the deal is the biggest in the world and could leave the banks with $13billion in debt. The deal is expected to be worth $44billion and could be the biggest ever in a single billion dollar deal in the U.S. since Musk took control of Twitter last week. Musk tweeted that he was ‘proud’ of the deal and that he would be ‘excited’ by the deal. . . .