Elon Musk’s revived $44B Twitter acquisition could rely on $12.5B from banks at a time when offloading risky debt is difficult, potentially leading to losses (Bloomberg)

Axios:
Elon Musk’s proposal to proceed with his Twitter bid for $54.20/share hinges on receiving debt financing and the end of all legal actions related to the deal  —  Elon Musk has offered to proceed with a $44 billion buyout of Twitter, according to a letter his lawyer sent to Twitter’s legal team that was submitted to regulators Tuesday.

Wall Street Journal:
Sources: US banks backing Elon Musk’s Twitter deal plan to hold all $13B of debt on their balance sheets rather than selling it, amid a difficult debt market  —  Truncated timeline to sell $13 billion in debt—and strained market conditions—could make Twitter the biggest ‘hung’ buyout deal of all time

Adi Robertson / The Verge:
A judge says Twitter can proceed with a limited probe to see if whistleblower Peiter Zatko contacted Elon Musk’s lawyers before he backed out of the deal  —  The Delaware Court of Chancery says Twitter can proceed with a limited probe to figure out whether whistleblower Peiter “Mudge” …

Wall Street Journal:
Do Kwon faces a suit, filed on September 23, in Singapore from 350 investors who lost ~$57M, alleging “fraudulent misrepresentations” about TerraUSD’s stability  —  He’s wanted by South Korean prosecutors, Interpol has issued a red notice seeking his arrest, and he’s been hit with class-action lawsuits in U.S. courts.

Leah Nylen / Bloomberg:
NY judge rules the bulk of the state AGs’ ad tech antitrust suit against Google can proceed, but dismissed the claim Meta and Google colluded via Jedi Blue  —  An antitrust suit by state attorneys general accusing Alphabet Inc.’s Google of monopolizing the technology underlying online advertising …

Sunil Jagtiani / Bloomberg:
Crypto prices sink, with bitcoin dropping ~4% and ether ~7%, dragged down by the ongoing FTX saga, potential contagion, and the FTX hacker offloading ether  —  Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried’s once powerful FTX empire.