Exclusive: Apollo, Sixth Street no longer in talks to finance Twitter deal

[LetMyPeopleVote]

It is hard to hold the financing for a major deal together in the best of times. Here the market value of twitter has declined and so I am not surprised to see Musk having issues

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https://www.reuters.com/markets/deals/exclusive-musk-apollo-no-longer-talks-finance-twitter-deal-source-2022-10-05/

Apollo Global Management Inc (APO.N) and Sixth Street Partners, which were looking to provide financing to Elon Musk earlier this year for his proposed $44 billion buyout of Twitter Inc (TWTR.N), are no longer in talks with the billionaire entrepreneur, according to two sources familiar with the matter.

Earlier this year, Apollo was in talks to provide preferred equity financing for the deal, alongside Sixth Street, sources had previously told Reuters.

Apollo, Sixth Street and other investors were looking to commit over $1 billion in financing for the deal at the time.

Those talks ended months ago around the time Musk started having second thoughts about going through with the deal, the sources cited above said. Musk initially proposed the buyout in April before backtracking in July, and then changing course again this week. read more

Musk and Twitter are currently attempting to reach an agreement after months of litigation that damaged Twitter's brand and fed Musk's reputation for erratic behavior.

[LetMyPeopleVote]

1. Rational domestic investors aren't going to give Musk the money

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[dalton99a]

2. He should give Putin a call