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Exclusive: Musk’s banks to book Twitter loan losses, avoid big hits -sources
NEW YORK, Dec 13 (Reuters) – Some of the financial institutions that lent Elon Musk $13 billion to get Twitter are getting ready to book losses on the loans this quarter, but they are possible to do so in a way that it does not develop into a key drag on their earnings, according to three sources with immediate knowledge of the scenario. Banking institutions ordinarily promote such financial loans to traders at the time of the offer. But Twitter’s loan providers, led by Morgan Stanley (MS.N), could face billions of bucks in losses if they attempted to do so now, as traders shy away from acquiring risky debt all…
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Telecom Italia working on new business plan as assesses KKR offer – sources
The TIM brand is found at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nard Sign-up now for Free unrestricted access to Reuters.com Sign-up MILAN, Jan 4 (Reuters) – Telecom Italia (TIM) (TLIT.MI) is working with financial institutions to draw up a new company system that could entail spinning off belongings as it scientific studies options to assistance assess a buyout offer from U.S. fund KKR (KKR.N), two resources acquainted with the subject stated on Tuesday. Debt-laden TIM acquired a non-binding buyout strategy from KKR in November that indicatively valued the former telephone monopolist at 33 billion euros ($38 billion) including personal debt. But a energy vacuum prompted by…
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZQ4B6DCJVJM6VANWHGSUNT4OXU.jpg "Telecom Italia working on new business plan as assesses KKR offer – sources")
