https://sputnikglobe.com/20220419/apollo-global-considering-giving-loan-to-elon-musk-for-purchase-of-twitter-reports-say-1094884403.html
Apollo Global Considering Giving Loan to Elon Musk for Purchase of Twitter, Reports Say
Apollo Global Considering Giving Loan to Elon Musk for Purchase of Twitter, Reports Say
Sputnik International
Apollo Global Considering Giving Loan to Elon Musk for Purchase of Twitter, Reports Say
2022-04-19T10:52+0000
2022-04-19T10:52+0000
2023-04-14T12:56+0000
elon musk
twitter
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On Thursday, Musk filed an offer with the US Securities and Exchange Commission (SEC) to purchase 100% of Twitter for $54.20 per share, valuing the company at $43 billion. Musk is currently Twitter’s second largest shareholder, having purchased 9.2% of the company earlier in April. At the same time, Thoma Bravo, a technology-focused American investment company said that it is also considering the possibility of acquiring the social network.Apollo may provide Musk or another bidder, such as private-equity firm Thoma Bravo LP, with equity or debt to support an offer, according to the report.Apollo, which owns Yahoo, is also considering potential collaboration between the company and Twitter, the WSJ reported, citing sources familiar with the matter.Twitter Inc. was founded in 2006. The company's main product is a social network for exchanging short messages. The headquarters is located in San Francisco, California.
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apollo global considering giving loan to elon musk for purchase of twitter, reports say
apollo global considering giving loan to elon musk for purchase of twitter, reports say
Apollo Global Considering Giving Loan to Elon Musk for Purchase of Twitter, Reports Say
10:52 GMT 19.04.2022 (Updated: 12:56 GMT 14.04.2023) MOSCOW (Sputnik) - US investment company Apollo Global Management Inc. is considering the possibility of providing a loan to Elon Musk for the purchase of Twitter, the Wall Street Journal (WSJ) reported on Wednesday, citing sources.
On Thursday, Musk filed an offer with the US Securities and Exchange Commission (SEC) to purchase 100% of Twitter for $54.20 per share, valuing the company at $43 billion. Musk is currently Twitter’s second largest shareholder, having purchased 9.2% of the company earlier in April.
At the same time, Thoma Bravo, a technology-focused American investment company said that it is also considering the possibility of
acquiring the social network.Apollo may provide Musk or another bidder, such as private-equity firm Thoma Bravo LP, with equity or debt to support an offer, according to the report.
Apollo, which owns Yahoo, is also considering potential collaboration between the company and Twitter, the WSJ reported, citing sources familiar with the matter.
Twitter Inc. was founded in 2006. The company's main product is a social network for exchanging short messages. The headquarters is located in San Francisco, California.
