Private equity firm Apollo Global Management is reportedly considering participating in a bid for Twitter as a lender to potential buyers, including Tesla CEO Elon Musk.
Apollo has held discussions about financing bidders to buy Twitter, according to people familiar with the matter, the Wall Street Journal reported on Monday. The firm’s participation will be through its credit investment platform rather than its private equity business, sources added.
Musk recently announced he had offered roughly $40 billion to buy Twitter. Investors have been skeptical whether the SpaceX leader could amass funds to make the purchase, given that most of his wealth is tied in stock.
On Friday, Twitter adopted a “poison pill,” a method that would prohibit Musk from acquiring more than 15 percent of the company, in a bid to avoid being taken over by the billionaire.
Another private equity firm, Thoma Bravo, has also expressed interest in putting together a bid for the social media company.
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