Apollo Global is considering a bid for Twitter Inc. after Elon Musk offered to buy the social media company for $43 billion, people familiar with the matter said.
Apollo has held discussions about a possible deal to back Twitter and could offer equity or debt to Musk or other bidders such as private equity firm Thoma Bravo LP to support the takeover offer, people familiar with the matter said.
Apollo, which owns Yahoo, has also been evaluating a potential partnership between the online media company and Twitter, the people said. Twitter is expected to reject Musk’s proposal in the next few days, and the company is scheduled to report earnings on April 28, when it may detail its stance, some of the people said.
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