Elon Musk in talks to partner on Twitter bid with buyout firm Thoma Bravo

Apr 22, 2022 | News | 0 comments

Elon Musk is in talks with private-equity firm Thoma Bravo about partnering on a possible takeover bid for Twitter, two sources close to the situation said.

Thoma Bravo, a Chicago-based buyout firm that’s focused on the technology sector, could be the key to Musk moving forward with a binding offer for Twitter, sources said. That’s mainly because Musk — despite the fact he’s the richest person in the world, with an estimated net worth of $270 billion, according to Forbes — doesn’t want to foot the entire bill for the acquisition, the sources added.

“What it would take Musk to raise the equity — like selling his Tesla shares — is something he probably doesn’t want to do,” one source briefed on the situation told The Post.

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For similar reasons, Thoma Bravo — a major name in private equity whose past investments have include software security giant McAfee — would likely move forward on a Twitter buyout with Musk or not at all, the sources said.

Nevertheless, Thoma Bravo executives are mixed on the idea — mainly because of Musk’s erratic behavior and taste for controversial politics, according to the sources.

The Post broke the news last week that Thoma Bravo, like Musk, was interested in buying Twitter. Now, Thoma Bravo would likely only move forward with Musk, or not at all, sources said.

Source: Pensions & Investments

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