Apollo Global Management is exploring the possibility of collaborating with Elon Musk or other interested individuals and organizations to submit a bid to acquire Twitter. The Wall Street Journal writes about this, citing knowledgeable sources.
According to the publication, Apollo Global Management is also considering a collaboration between Yahoo and Twitter, which it owns.
Similar plans were announced earlier by representatives of the Thoma Bravo firm, which focuses on direct investment.
Recall that Musk became Twitter’s largest shareholder after buying a 9.2% stake for $2.89 billion.
On April 14, the billionaire offered to buy the platform for more than $43 billion, explaining this not out of a desire to make money, but to create an “inclusive arena for free speech.”
Then, Twitter management approved a plan to guard against a hostile takeover. It allows shareholders to purchase additional shares at a discount if any entity or individual purchases at least 15% of the platform’s securities without board approval.
Source: Fork Log
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