Apollo Global and Thoma Bravo Consider Buying Twitter – WSJ
Apollo Global Management and Thoma Bravo are considering placing a bid to buy Twitter.
According to the Wall Street Journal, Apollo Global Management is considering partnering with Elon Musk or other stakeholders to buy Twitter.
Representatives of Thoma Bravo, a private equity firm, also announced similar plans.
As you know, billionaire Elon Musk became the largest shareholder of Twitter after he acquired a 9.2% stake for $2.89 billion. And on April 14, Musk offered to buy the platform for more than $43 billion. He explained this with his intention to create “an inclusive arena for free speech”, rather than the desire to make money.
Subsequently, Twitter approved a hostile takeover protection plan that allows shareholders to purchase additional shares at a discount if any entity or individual acquires at least 15% of the platform’s securities without board approval.
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