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Twitter Could Get Second Buyout Offer as Elon Musk's Bid Rejected

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Thoma Bravo, a buyout firm, contacted the social media platform to share that it was interested in compiling its own acquisition bid, sources said.
The day after Tesla CEO Elon Musk offered to buy 100 percent of Twitter shares, another potential buyer has reportedly emerged. Thoma Bravo LP, a buyout firm, contacted the social media platform to share that it was interested in compiling its own acquisition bid, Reuters reported, citing people familiar with the matter. It is not yet certain that Thoma Bravo will actually make an offer, the sources told Reuters. Thoma Bravo’s reported interest in a Twitter acquisition came the same day the social media company announced that it had adopted a “poison pill” policy that would allow shareholders to buy additional shares at a discount.

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