Goldman Sachs Group Inc. and JPMorgan Chase & Co. are set to earn a combined $133 million in fees for advising Twitter Inc. on its $44 billion acquisition by Elon Musk -- if the deal closes.
Twitter agreed to pay Goldman Sachs $80 million, the bulk of which will get paid once the deal closes, according to a US securities filing on Tuesday. The bank got $15 million of that when the deal was announced. JPMorgan is poised for a $53 million payout, $5 million of which was payable after the lender delivered its opinion to Twitter’s board on April 25. The rest hinges on the deal closing.