Elon Musk is in talks with investment firms Apollo Global Management and Ares Management to help acquire additional funding to buy Twitter, Reuters reported.
Elon Musk is looking for additional equity financing for his planned $44 billion purchase of Twitter, Reuters reported Monday, which could allow the billionaire to reduce the amount of his own money bound up in the acquisition without taking out more loans. Musk has also contacted major Twitter shareholders—including founder Jack Dorsey and Fidelity —about the prospect of holding onto their stakes in the company’s new structure, Reuters reported. Musk has previously suggested that he wants to retain as many existing Twitter shareholders as possible following the planned acquisition.
