Since the 2008 banking crisis, numerous corporate buyouts have occurred, with Elon Musk's acquisition of Twitter standing out as particularly challenging for banks. The Wall Street Journal reported that banks are holding approximately $13 billion in loans used for the purchase of Twitter, now known as X. Typically, banks sell such debt to other investors, allowing new stakeholders to join. Musk's $44 billion offer for Twitter, valued at $38 billion during the acquisition, seemed excessive. Despite X being private and not disclosing revenues, reports suggest varying valuations, from $19 billion claimed by the company to $12.5 billion estimated by analysts. The struggling X has caused banks like Morgan Stanley and Bank of America, holding most loans, to suffer as revenue declines. Barclays, with loans tied to Musk's takeover, even reduced employee salaries due to the financial strain. Read more AI-generated news on: https://app.chaingpt.org/news