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.
Rupert Murdoch Stepping Down as Chairman of Fox and News Corp.
Media mogul Rupert Murdoch is stepping down as the chairman of his empire. Fox Corp. and News Corp. said Thursday that Murdoch...
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