When, earlier this year, Elon Musk went looking for financing for his bid to take over Twitter, he had little trouble finding institutions willing to give him the money he needed. Morgan Stanley took the lead and organized a syndicate of banks—including Bank of America and Barclays—that committed to lending Musk $13 billion. The whole thing took less than a week. Although Musk tried to back out of his deal to buy Twitter, he finally went through with it at the end of October, and the banks gave him the money—which is now debt on Twitter’s balance sheet.
Apple’s Phil Schiller Works 80 Hours a Week Overseeing App Store
With the App Store and app ecosystem undergoing major changes in the European Union, The Wall Street Journal today shared a...
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