Second Suitor Approaches Twitter With A Buyout Offer

It seems that interest in Twitter is growing. 24 hours after coming up with a “poison pill” strategy to thwart Elon Musk’s attempt to buy the company, a second suitor has emerged with the intention to buy Twitter:

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.

There’s nothing in the “poison pill” strategy to stop Twitter from taking a look at this offer. It will be interesting to see how Twitter reacts to this, and if this starts a bidding war to land Twitter. Stay tuned for more on this as this is getting interesting.

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