Elon Musk’s renewed Twitter bid puts pressure on Wall St. banks backing him

Elon Musk’s planned acquisition of Twitter looked like the deal of the year back in April. Investment banks and Silicon Valley bigwigs clamored to be a part of it. Moved by his lofty promises and past successes, they collectively promised billions to Musk, the world’s richest man.

Then Musk tore it all up. He announced in July that he no longer wanted go through with his bid, and he publicly thrashed the company he had asked for help in buying.

But, on Monday night, Musk said that he had changed his mind once again and that he still wanted to buy Twitter, a company under more duress than it was in the spring and operating in an economy that looks much shakier.