Thoma Bravo Has A Counter Offer To Elon Musk For Twitter

April 16, 2022

Buyout firm Thoma Bravo LP has contacted Twitter Inc (TWTR.N) to express interest in putting together an acquisition offer that would rival Tesla Inc (TSLA.O) Chief Executive Elon Musk's $43 billion bid, people familiar with the matter said on Friday.

Thoma Bravo, a private equity firm that had more than $103 billion in assets under management as of the end of December, has informed Twitter that it is exploring the possibility of putting together a bid, the sources said.

It is not clear how much Thoma Bravo would be prepared to offer and there is no certainty that such a rival bid will materialize, the sources cautioned, asking not to be identified because the matter is confidential.

A Thoma Bravo spokesperson declined to comment while Twitter representatives did not immediately respond to a request for comment.

The New York Post reported on Thursday that Thoma Bravo was considering a bid for Twitter.

SOURCE: REUTERS
IMAGE SOURCE: PIXABAY

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