Apollo Global weighs going in on bid to buy Twitter: report

Apollo Global Management is reportedly evaluating the possibility of partnering with Elon Musk or another bidder who similarly wants to put in an offer to buy Twitter.

Sources told the Wall Street Journal that the alternative investment management firm has had discussions about a deal that would provide a bidder like private equity firm Thoma Bravo LP with the necessary equity or debt.

Track live crypto price of 10000+ coins!

Musk made a $41.4 billion cash offer to buy Twitter last week and the social media giant responded by putting in place a defensive strategy known as a “poison pill” that could make it harder for the billionaire to do so.

Musk currently acquired a 9.2% stake in Twitter last month and later declined to join the company’s board.

Related:  Price analysis 11/25: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

The Wall Street Journal also reported that Appollo is also considering a “cooperation” between Yahoo, which it owns, and Twitter.

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: