Twitter Looks to JPMorgan, Goldman to Help With Proposed Musk Takeover

Twitter Looks to JPMorgan, Goldman to Help With Proposed Musk Takeover

Twitter has brought in two Wall Street heavy-hitters to help fend off an attempt by tech billionaire Elon Musk to take over the social media platform.

Both JPMorgan Chase & Co. and Goldman Sachs are now helping Twitter manage Musk's plans to seize control of the company by purchasing all of its shares, Bloomberg reported Friday. The involvement of the two massive multinational investment banks is the latest after Musk has called for transformations to the social media platform that serves as a worldwide public square.

JPMorgan Chase, the largest U.S. bank, and Goldman Sachs are also helping Twitter in negotiations with other interested buyers, Bloomberg reported, citing unnamed sources.