More private equity firms express interest in a Twitter deal

Apollo Global Management Inc is considering ways it can provide financing to any deal and is open to working with Musk or any other bidder.

Published - April 19, 2022 10:59 am IST

FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27, 2013.

FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27, 2013. | Photo Credit: Reuters

More private equity firms have expressed interest in participating in a deal for Twitter Inc, people familiar with the matter said on Monday.

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The sources, who declined to be identified, did not name the firms.

The interest emerged after Thoma Bravo, a technology-focusedprivate equity firm, contacted the social media platform last week to explore a buyout that would challenge Elon Musk's $43billion offer.

Apollo Global Management Inc is considering ways it can provide financing to any deal and is open to working with Musk or any other bidder, the sources said. Its participation would be through its credit investment platform rather than its private equity business, the sources added.

Apollo and Twitter declined to comment.

Twitter adopted a "poison pill" on Friday to limit Musk's ability to raise his stake in the social media platform.

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