Buyout company Thoma Bravo approaches Twitter with acquisition hobby

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The Twitter brand is displayed on a display screen at the flooring of the New York Inventory Alternate (NYSE) in New York Town, U.S., September 28, 2016. REUTERS/Brendan McDermid/Record Picture

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NEW YORK, April 15 (Reuters) – Buyout company Thoma Bravo LP has contacted Twitter Inc (TWTR.N) to precise hobby in hanging in combination an acquisition be offering that will rival Tesla Inc (TSLA.O) Leader Government Elon Musk’s $43 billion bid, folks conversant in the subject mentioned on Friday.

Thoma Bravo, a personal fairness company that had greater than $103 billion in property beneath control as of the tip of December, has knowledgeable Twitter that it’s exploring the opportunity of hanging in combination a bid, the resources mentioned.

It isn’t transparent how a lot Thoma Bravo can be ready to provide and there’s no walk in the park that the sort of rival bid will materialize, the resources cautioned, asking to not be known since the subject is confidential.

A Thoma Bravo spokesperson declined to remark whilst Twitter representatives didn’t right away reply to a request for remark.

The New York Submit reported on Thursday that Thoma Bravo was once bearing in mind a bid for Twitter.

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Reporting by way of Greg Roumeliotis and Krystal Hu; Modifying by way of Sandra Maler

Our Requirements: The Thomson Reuters Agree with Rules.

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