Bankers Look Past Musk’s Twitter Fickleness for Future Deals
- Goldman, JPMorgan stand to lose $133 million in fees
- Bankers still say they’d do it again for future Musk deals
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It isn’t the first time billionaire Tesla Inc. founder Elon Musk burned his investment bankers on deals and it may not be the last.
When Musk dropped a regulatory filing late Friday saying he was walking away from his $44 billion agreement to buy Twitter Inc., some of the bankers who were backing him felt a mixture of disappointment and relief even with millions of dollars in fees at risk, according to people familiar with the matter.