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 (Lauren Hirsch/New York Times)

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

Lauren Hirsch / New York Times:
A profile of Delaware Chancery Court judge Kathaleen McCormick, who is overseeing the Elon Musk-Twitter dispute, ahead of the Friday deadline to close the deal  —  Kathaleen St. J. McCormick, the chief judge of Delaware’s Chancery Court, gave Mr. Musk until Friday to acquire Twitter.

Erin Woo / The Information:
Sources: Elon Musk told staff at an all-hands that Twitter may have a “net negative cash flow” of billions in 2023 and “bankruptcy is not out of the question”  —  Elon Musk told Twitter employees on Thursday the company may have a “net negative cash flow of several billion dollars” …

Lauren Hirsch / New York Times:
CVS Health plans to acquire Signify Health, which offers analytics and tech to help 10,000 doctors provide in-home care to 2.5M US patients, for around $8B  —  The deal for Signify Health, which has a network of doctors who make home visits, would cement the drugstore chain’s move away from its traditional roots.

New York Times:
Since Elon Musk’s takeover, sources say Twitter has in some cases chosen not to pay vendors, as it reviews and renegotiates deals to cut expenses  —  Mr. Musk and his advisers are examining all types of expenses at Twitter.  Some of the social media company’s vendors have gotten stiffed.

Tage Kene-Okafor / TechCrunch:
Cairo-based Money Fellows, which digitizes money circles or rotating savings and credit associations, raised a $31M Series B, bringing its total funding to $37M  —  Egyptian fintech Money Fellows has raised $31 million in what it describes as the first close of its Series B investment.