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More private equity firms express interest in a Twitter deal, say sources
Twitter adopted a ‘poison pill’ on Friday to limit Musk's ability to raise his stake in the social media platform. — AFP pic
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SAN FRANCISCO, April 19 ― More private equity firms have expressed interest in participating in a deal for Twitter Inc, people familiar with the matter said yesterday.
The sources, who declined to be identified, did not name the firms.
The interest emerged after Thoma Bravo, a technology-focused private equity firm, contacted the social media platform last week to explore a buyout that would challenge Elon Musk's US$43 billion (RM183 billion) 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.
Thoma Bravo has informed Twitter that it is exploring the possibility of putting together a bid, Reuters reported over the weekend. ― Reuters