Jan 24 (Reuters) - Wall Street banks are preparing to

sell a big portion of debt holdings in social media platform X,

the Wall Street Journal reported on Friday, citing people

familiar with the matter.

Bankers at Morgan Stanley ( MS ) have contacted investors

ahead of next week's planned sale of up to $3 billion in debt

that lenders like Bank of America ( BAC ) and Barclays ( JJCTF ) granted

Elon Musk in order to finalize his 2022 acquisition of the

business that was formerly known as Twitter, the report added.

The banks are looking to sell senior debt at 90 to 95 cents

on the dollar and retain more-junior holdings, as per the

report.

Morgan Stanley ( MS ) did not immediately respond to a Reuters

request for comment.