X debt sale signals growing investor confidence
LONDON Banks that helped Elon Musk finance his $44 billion acquisition of Twitter , have successfully sold a chunk of their acquisition debt in the company, indicating surging investor confidence amid the Tesla tycoon's outsize role in the Trump administration. According to U.S. media, banks this week sold $4.7 billion of X 's acquisition debt at face value, exceeding their initial $3 billion target. This was the third sale in recent weeks from the banks that had been stuck with $13 billion of
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