Apollo Global Management is willing to finance a Twitter buyout, sources say

Apollo Global Management is willing to finance a Twitter buyout, sources say


Private equity firm Apollo Global Management has held discussions about financing a potential takeover for Twitter, according to sources familiar with the matter.

But Apollo isn’t interested in being part of a private equity consortium that would acquire the social media company, said the people, who asked not to be named because the discussions are private. Any financing Apollo provides would likely come in the form of preferred equity, one of the people said.

Elon Musk, the CEO of Tesla and SpaceX and the world’s wealthiest person, offered to buy Twitter for $43 billion last week. Twitter’s board is likely to reject that offer, according to a Wall Street Journal report. Still, sources of financing are considering their willingness to lend to Musk or another potential buyer, said the people. Twitter had negative cash flow last year, making it an unusual candidate for a leveraged buyout.

On Friday, Twitter adopted a limited duration shareholder rights plan, often referred to as a “poison pill,” in an effort to fend off a potential hostile takeover. The next day, Musk tweeted “Love Me Tender,” suggesting he may make a tender offer to buy shares directly from Twitter shareholders.



Source

Figma CEO’s path from college dropout and Thiel fellow to tech billionaire
Technology

Figma CEO’s path from college dropout and Thiel fellow to tech billionaire

Dylan Field, co-founder and CEO of Figma, signs the guestbook on the floor of the New York Stock Exchange in New York on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Mark Zuckerberg may be the most famous college-dropout-turned-tech-billionaire. Dylan Field is the latest, after his design startup Figma soared in its stock […]

Read More
Ethereum turns 10: From scrappy experiment to Wall Street’s invisible backbone
Technology

Ethereum turns 10: From scrappy experiment to Wall Street’s invisible backbone

CANNES — Ten years ago, Vitalik Buterin and a small band of developers huddled in a drafty Berlin loft strung with dangling lightbulbs, laptops balanced on mismatched chairs and chipped tables. They weren’t corporate titans or venture-backed founders — just idealists working long nights to push a radical idea into reality. From that sparse office, […]

Read More
Crypto wobbles into August as Trump’s new tariffs trigger risk-off sentiment
Technology

Crypto wobbles into August as Trump’s new tariffs trigger risk-off sentiment

A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025.  Lam Yik | Bloomberg | Getty Images The crypto market slid Friday after President Donald Trump unveiled his modified “reciprocal” tariffs on dozens of countries. The price […]

Read More