Apollo Global Management is in talks to lead a preferred financing for Elon Musk’s proposed buyout of Twitter, according to people with knowledge of the deal.
That’s despite Musk revealing last week he’s getting $7.1bn in equity commitments from investors including Larry Ellison, Sequoia Capital and Qatar. He persuaded Saudi Prince Alwaleed bin Talal to roll his $1.9bn of Twitter stock into the privatised company and is seeking to do the same with Twitter co-founder Jack Dorsey.
Preferred equity is a hybrid of debt and equity capital that sits above common equity in the capital structure. Some preferred equity is convertible into common shares at a pre-agreed price. Marc Rowan, Apollo’s CEO, touted the attractiveness of hybrid investments in a recent interview with David Rubenstein, saying it offers the best risk versus reward in markets.
I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Apollo eyes $1bn in finance for Musk’s Twitter bidThe funding, arranged by Morgan Stanley, may include Sixth Street Partners and other firms
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »
Apollo eyes $1bn in finance for Musk’s Twitter bidThe funding, arranged by Morgan Stanley, may include Sixth Street Partners and other firms
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »