Apollo eyes $1bn in finance for Musk’s Twitter bid

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Sverige Nyheter Nyheter

The funding, arranged by Morgan Stanley, may include Sixth Street Partners and other firms

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Apollo eyes $1bn in finance for Musk’s Twitter bidThe funding, arranged by Morgan Stanley, may include Sixth Street Partners and other firms
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Apollo eyes $1bn in finance for Musk’s Twitter bidThe funding, arranged by Morgan Stanley, may include Sixth Street Partners and other firms
Källa: BDliveSA - 🏆 12. / 63 Läs mer »