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The Lex Newsletter: Twitter bankers on a knife’s edge waiting to see if fees are paid

Social network’s shareholders are not the only ones fretting over whether Elon Musk pushes through with the deal

Dear reader,

Twitter shareholders are not the only ones anxious to see if Elon Musk lives up to his signed agreement to buy the business.

The social network’s advisers at Goldman Sachs and JPMorgan collectively have $113mn in advisory fees riding on the completion of the transaction. That is looking dicey. The spread between the Twitter trading price and deal price now exceeds 30 per cent.

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