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 (Wall Street Journal)

Reuters:
A US judge dismisses an indictment against Huawei CFO Meng Wanzhou, formally ending a criminal sanctions case that strained US-China relations  —  A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co [RIC:RIC:HWT.UL] …

Financial Times:
Sources: Morgan Stanley and six banks plan to hold $12.7B in debt from Elon Musk’s Twitter buyout until early 2023, pending a clearer business plan from Musk  —  Lenders concede they will struggle to drum up demand until Elon Musk unveils detailed strategy  —  Banks that lent $12.7bn …

Bloomberg:
Sources: Twitter and Elon Musk are preparing for his buyout to be completed by the October 28 court-issued deadline, thanks to a breakthrough between both sides  —  Advisers to Twitter Inc. and Elon Musk are hard at work trying to get the $44 billion deal closed by the end of the month, according to people familiar with the matter.

Bloomberg:
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  —  Elon Musk’s shock proposal to proceed with his acquisition of Twitter Inc. for the original offer price poses a headache …

Lauren Hirsch / New York Times:
Twitter faces ~$1B per year in interest expenses after Elon Musk’s deal added ~$13B in debt, up from ~$50M in 2021 when operations generated ~$633M in cash flow  —  Mr. Musk faces financial challenges in owning Twitter.  The site frequently loses money and took on $13 billion in debt for the blockbuster deal.

Jef Feeley / Bloomberg:
Sources: Elon Musk plans to skip his October 6 deposition by Twitter’s lawyers in Austin  —  Elon Musk won’t be showing up Thursday for a long-awaited deposition in Twitter Inc.’s lawsuit aimed at forcing him to go through with a $44 billion buyout of the company, according to people familiar with the matter.