According to The Wall Street Journal, Apollo Global Management is exploring the possibility of partnering with Elon Musk or other interested individuals and organizations to put forward an offer to acquire Twitter.
According to the publication, Apollo Global Management is also studying the option of cooperation between Yahoo, which belongs to it, and Twitter.
Earlier, representatives of Thoma Bravo, also a private equity firm, announced similar plans.
Musk has recently become the largest shareholder of Twitter after acquiring a 9.2% stake for $2.89 billion.
Last April 14, the billionaire offered to buy the platform for more than $43 billion. He explained this by the intention to create an “inclusive arena for free speech,” and not by the desire to make money.
However, the Twitter management has approved a plan to protect against potential hostile takeovers. It allows shareholders to buy additional shares at a discount if any organization or individual acquires at least 15% of the platform’s securities without the approval of the board of directors.
