Twitter is at the center of the markets currently. After the Twitter takeover saga by Elon Musk in the past week, it has emerged that more private equity companies have expressed strong interest in participating in a deal for the social media company. People familiar with this matter explained what they know on April 18.
Nevertheless, these sources that declined to be identified also did not name the companies that are interested in the Twitter takeover deal.
Their interest emerged after Thoma Bravo, a technology-focused private equity company, contacted the social media giant in the past week aiming to explore a buyout that was meant to challenge Elon Musk’s $43 billion offer.
In that context, Apollo Global Management Inc seems to be considering ways it can offer financing to any deal and is open to working with Elon Musk or any other interested bidder, according to the sources. Notably, its participation would be executed through its credit investment platform instead of its private equity business, the sources also stated.Buy Crypto Now
Apollo and Twitter are yet to comment on this matter.
On April 15, Twitter adopted a ‘poison pill’ to limit Musk’s ability to raise his stake in the social media platform. Thoma Bravo has contacted Twitter stating that it is now exploring the possibility of putting together a sizeable bid, as highlighted by reporters over the weekend.