As Elon Musk transforms Twitter, risk hits home for Japanese banks

'At the mercy of Musk's theatrics': MUFG and Mizuho face unclear exit path

20221108N Twitter montage

Top Japanese lender MUFG and smaller peer Mizuho were among the seven banks that helped finance Elon Musk's Twitter acquisition.

YUMIKO OSHIMA and AKIRA YAMASHITA, Nikkei staff writers

NEW YORK/TOKYO -- As Elon Musk makes dramatic changes to Twitter following his $44 billion acquisition, Japanese banks that cofinanced the deal find themselves with little choice but to go along for the ride.

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