Following Elon Musk’s plan to take Twitter private for $43 billion, Apollo Global Management Inc. is interested in helping fund a bid to acquire the company.
Apollo is investigating the possibility of partnering with Twitter and may lend equity or debt to Elon Musk or another bidder to support the offer.
Participation can be in the form of a loan or preferred capital
On Monday, Twitter shares gained the most in two weeks after the social media company launched Musk’s “poison pill” defense to prevent him from taking the company private at $54.20 per share.
Morgan Stanley is counseling Elon Musk, and Twitter has enlisted the help of Goldman Sachs Group Inc. and JPMorgan Chase & Co. as it weighs how to respond to Tesla’s CEO’s hostile proposition.