RBC and CIBC join banking group helping to finance Elon Musk’s bid for Twitter
[ad_1] Royal Bank of Canada and Canadian Imperial Bank of Commerce are lining up behind Elon Musk’s US$44-billion takeover of Twitter Inc., with the two Canadian banks putting US$1.15-billion into the lowest-risk loan to the Tesla Inc. chief executive officer. Mr. Musk announced a deal to buy social-media platform Twitter on Monday using US$25.5-billion borrowed…