Tech

Apollo Global interested in Twitter, Elon Musk partnership

Extra private-equity corporations have expressed curiosity in collaborating in a deal for Twitter, individuals conversant in the matter mentioned on Monday.

The sources, who declined to be recognized, didn’t title the corporations.

The curiosity emerged after the New York Put up reported Thoma Bravo, a technology-focused non-public fairness agency, contacted the social media platform final week to discover a buyout that will problem Elon Musk’s $43 billion supply.

Apollo World Administration is contemplating methods it will probably present financing to any deal and is open to working with Musk or some other bidder, the sources mentioned. Its participation can be by its credit score funding platform moderately than its non-public fairness enterprise, the sources added.

Apollo and Twitter declined to remark.

Twitter adopted a “poison tablet” on Friday to restrict Musk’s potential to lift his stake within the social media platform. 

Twitter adopted a “poison tablet” to restrict Musk’s potential to lift his stake within the firm.
REUTERS

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