Apollo Global Management willing to finance a Twitter buyout: sources
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In this photo, Elon Musk’s Twitter Profile is displayed on a computer screen. A phone screen displays the Twitter logo. This image was taken in Krakow in Poland on April 9th 2022.
Jakub Porzycki | Nurphoto | Getty Images
Private equity firm Apollo Global ManagementHas held talks about financing a potential acquisition TwitterAccording to people familiar with the subject, it is.
According to people who requested anonymity because of the private nature of the conversations, Apollo has no interest in joining a private equity group that would purchase the social media platform. One person said that Apollo’s preferred equity would be the most likely form of financing.
Elon MuskThe CEO of TeslaSpaceX and The World’s Wealthiest Person, offered to buy Twitter for $43 billion last week.Twitter’s board will likely reject this offer. reported the Wall Street Journal.According to people, there are sources of financing that would still be willing to lend money for Musk, or any other buyer. Twitter was negative cash flow last year,This makes it an exceptional candidate for a leveraged purchaseout.
Twitter will be live Friday adopted a limited duration shareholder rights planIn an attempt to avoid a hostile takeover, the “poison tablet” was often used. Musk sent a tweet on Saturday saying “Love Me Tender”, suggesting that he could make an offer to purchase shares directly from Twitter users.
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