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19 Apr 2022

Equity Firms Show Interest in Twitter Takeover Deal after Musk Offer

Equity Firms Show Interest in Twitter Takeover Deal after Musk Offer

The Index Today

A growing number of private equity firms have voiced their interest in a takeover deal for Twitter Inc. as per reliable sources.

According to Reuters, this comes after tech-based private equity company Thomas Bravo approached the social media giant the previous week with a prospective acquisition offer that could rival Elon Musk’s proposed $43 billion deal.

Sources revealed that Apollo Global Management Inc. is exploring various avenues to funding possible takeover deals through its credit investment wing and is also willing to collaborate with Musk and other prospective buyers.

Since Elon Musk, who is also the largest stakeholder in the social media firm, made an unprecedented buyout offer last week, Twitter has adopted a “poison pill” policy to thwart the Tesla CEO’s plans to increase his shares in the company.