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Friday, December 9, 2022

Here’s what Elon Musk backing out of Twitter deal means for Wall Street | Business Insider

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Elon Musk’s decision to cancel a $44 billion plan to acquire Twitter might jeopardize one of Wall Street’s most excellent profits. Banks hope a judge will compel Musk to conclude the transaction; if not, they will lose over $190 million in fees. The deal would have been the third-largest merger or acquisition fee pool since 2020.

Source: https://www.businessinsider.com/elon-musk-buy-twitter-bank-fees-merger-2022-7


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