Buyout firm Thoma Bravo approaches Twitter with acquisition interest


FILE PHOTO: The Twitter logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2016. REUTERS/Brendan McDermid/File Photo

NEW YORK (Reuters) - Buyout firm Thoma Bravo LP has contacted Twitter Inc to express interest in putting together an acquisition offer that would rival Tesla Inc 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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Canvas' parent company reaches agreement with hacking group behind recent breach
OpenAI gives European companies access to its latest models to bolster resilience
Tesla’s robotaxi rollout features Texas-sized wait times
Netflix spent over $135 billion on film, TV over last decade
EBay rejects GameStop's $56 billion bid as 'neither credible nor attractive'
TikTok challenges EU 'gatekeeper' status at Europe's top court
OpenAI chief Altman to take stand in OpenAI-Musk trial on Tuesday
Samsung Elec union threatens to walk out of pay talks if no mediation proposal
Maker of Canvas learning platform strikes deal for hackers to return data
Germany's finance watchdog to make targeted inspections amid 'substantial' AI risks

Others Also Read