Apollo And Sixth Street No Longer In Talks About Twitter Deal

2 mins mins

According to Reuters, Apollo Global Management Inc and Sixth Street are “no longer in talks” in the Twitter deal. In April this year, Apollo considered playing a role in Elon Musk’s financial offer to buy Twitter at $44 billion or $52.40 a share. This firm also has attention to working with proper equity and debt for this purchase.

At that time, there were many firms announced their support for the giant Musk corporation by buying social media platforms. Even Binance also fell into the spotlight. Among these whales, Apollo demonstrated its scale and sought to lead financing for Musk’s bid.

Apollo And Sixth Street No Longer In Talks About Twitter Deal — Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS

Elon Musk offered to own Twitter in April this year with a price of $44 billion worth value. This offer moved to July, then 4 October. His ambition for the financing deal is to change the Twitter bot problems.

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