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Apollo, Sixth Street Abandoned Twitter Funding Talks Months Ago

  • Firms had expressed interest in providing preferred equity
  • Discussions faltered around the time Musk backtracked on deal
Bloomberg business news
Why Musk Gave Up the Fight Against Buying Twitter

Investment firms that had expressed an interest in helping Elon Musk finance his acquisition of Twitter Inc. abandoned the talks several months ago, around the time that the mercurial billionaire backtracked from the deal, according to people with knowledge of the matter.

Firms including Apollo Global Management Inc. and Sixth Street Partners had been in discussions to contribute billions of dollars via a preferred equity stake -- before Musk declared the deal dead, said the people, who asked not to be identified because they weren’t authorized to speak publicly.