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[ Tue, Feb 04th ] - Reuters
Morgan Stanley to increase sale of loans tied to Musk's X, Bloomberg News reports

Morgan Stanley to increase sale of loans tied to Musk's X, Bloomberg News reports


Published on 2025-02-04 16:00:49 - Reuters
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  • A group of Morgan Stanley-led banks is set to increase a sale of loans tied to Elon Musk's social media platform X after receiving stronger-than-expected demand from investors, Bloomberg News reported on Tuesday.

Morgan Stanley is planning to increase the sale of loans tied to Elon Musk's X, according to a Bloomberg News report on February 4, 2025. The bank, which has been managing a $13 billion portfolio of loans backed by X, is looking to offload more of these assets as part of its strategy to manage risk and liquidity. This move comes amidst ongoing concerns about the financial stability and valuation of X, which has experienced significant fluctuations since Musk's acquisition. The sale of these loans could provide insights into the market's current valuation of X and its associated risks.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/morgan-stanley-increase-sale-loans-tied-musks-x-bloomberg-news-reports-2025-02-04/ ]
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