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NEW YORK (dpa-AFX) – According to a press report, the US financial investor Apollo may want to get involved in a takeover of the short message service Twitter. The company is considering supporting either tech billionaire Elon Musk or another bidder with capital or loans in a bid, the Wall Street Journal (“WSJ”) reported on Tuesday night, citing people familiar with the matter Persons. The financial investor has also played through a possible cooperation between its Internet service Yahoo and Twitter. Apollo had taken over Yahoo from the US telecommunications group Verizon.
Musk made an attempt to buy Twitter last week. He already holds a good nine percent of the shares and offers all Twitter shareholders 54.20 US dollars per share. The 50-year-old explained that he had “technically” the necessary funds to pull off the deal worth more than 40 billion dollars (37 billion euros). The key question is whether enough current shareholders are willing to sell their shares at the price being offered. According to the “Wall Street Journal”, other financial investors such as Thoma Bravo are already interested in the short message service.
Twitter is resisting Musk’s takeover attempt. The countermeasure envisages other shareholders being able to buy additional shares at a bargain price if a buyer exceeds the 15 percent mark. The move is a classic “poison pill” that companies threatened by takeovers resort to. The Twitter board of directors announced that the plan should apply for a year. An exception would be if a deal is approved by the board of directors./stw/men/jha/
Leverage must be between 2 and 20
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