Apollo Global Management Inc and Sixth Street Partners, which had been looking to provide financing for Elon Musk’s proposed $44 billion buyout of Twitter Inc, are no longer in talks with the billionaire entrepreneur, said two sources familiar with the matter.
Apollo had been in talks to provide preferred equity financing for the deal, alongside Sixth Street, sources previously told Reuters. Apollo, Sixth Street and other investors were looking to commit more than $1 billion in financing for the deal at the time.
In reply to tweets saying that neither entities were part of the $7.1 billion of third-party equity financing announced in early May, nor part of the debt financing, Musk said: “correct”.
Read more: Reuters
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