Elon Musk, who was interested in buying Twitter, tweeted about Elvis around the weekend.
U.S. asset administration organization Apollo Worldwide Management is thinking about collaborating in a takeover bid for Twitter, according to The Wall Street Journal (WSJ).
According to WSJ anonymous sources, Apollo has been negotiating to participate in a possible acquisition from Twitter. Apollo could offer you financial assistance to Elon Musk, who is intrigued in obtaining Twitter, or another person else who is intrigued in Twitter.
Apollo owns yet another social media organization, Yahoo. According to the WSJ, Apollo has been investigating a achievable collaboration concerning Yahoo and Twitter.
Go through extra: Twitter resortes to “poison pill” to protect against Elon Musk from shopping for the company – Can Musk’s hostile takeover endeavor thrive?
Musk, the CEO of car company Tesla, unexpectedly made a $ 43 billion (about $ 40 billion) hostile takeover bid for Twitter very last Thursday. Musk owns about 9 p.c of Twitter.
On Friday, Twitter’s board launched a so-identified as poison tablet that will noticeably boost the price tag of purchasing the total firm.
On Saturday, Musk additional to the rumors revolving all over Twitter by tweeting “Love Me Tender,” a reference to Elvis Presley’s strike music. It may perhaps also advise a takeover bid arrangement in which Musk would offer you to get Twitter shares from its shareholders without the involvement of the company’s administration.
Twitter’s board is considering Musk’s takeover bid. According to WSJ resources, the enterprise would be formally rejecting Musk’s bid in the coming times.
Musk’s strategies to invest in Twitter are undermined by monetary uncertainty. He did not specify in his takeover bid how the overall acquisition of Twitter would be funded.
Musk is just one of the richest people in the world, but his property are held by Tesla and the room organization Spacex.