Elon Musk May Have New Competition In His Bid To Buy Twitter

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Private equity giant Apollo Global Management is discussing plans to enter the Twitter bidding war, The Wall Street Journal reported.

Apollo said it would consider participating in a potential Twitter bid by offering debt or equity financing to partners, including Tesla chief executive officer Elon Musk and the private equity firm Thoma Bravo LP, the WSJ reported, citing people familiar with the matter.

Apollo has also considered a partnership between Yahoo, which it owns, and Twitter, the WSJ reported, though the plan is far from definite.

Musk offered to buy Twitter for $43 billion on April 14, a deal that the Twitter board will most likely reject, the WSJ reported. Twitter implemented a limited duration shareholder rights plan, more commonly known as a “poison pill,” to keep away potential bidders.

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