Apollo Global Management is studying the possibility of cooperating with Elon Musk or other interested parties and organisations in submitting a bid to acquire Twitter. The Wall Street Journal reports this, citing informed sources.
According to the publication, Apollo Global Management is also considering a collaboration between Yahoo, which it owns, and Twitter.
Earlier, representatives of Thoma Bravo — also oriented toward direct investments — signalled similar plans.
Musk became Twitter’s largest shareholder after acquiring 9.2% of the shares for $2.89 billion.
On 14 April, billionaire proposed to buy the platform for more than $43 billion. He explained this as an intention to create ‘an inclusive arena for freedom of speech’, rather than a desire to make money.
Twitter’s management subsequently approved a plan to defend against a hostile takeover. It allows shareholders to buy additional shares at a discount in the event that any organisation or individual acquires 15% of the platform’s securities without board approval.
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