CREDIT: (Photo by ddp images/Sipa USA)
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NEW YORK (77 WABC) —The world’s richest man Elon Musk may have come competition in his $43 billion dollar offer to buy Twitter.
A source close to the situation told The New York Post private equity giant Thoma Bravo is working on a possible rival bid for the social media giant.
Elon Musk could have competition: Thoma Bravo considers Twitter bid https://t.co/qnyKl5PW8V pic.twitter.com/KjSEg6fXY9
— New York Post (@nypost) April 14, 2022
The source familiar with the matter told the Post that Bravo’s firm has an internal team working on the potential transaction.
Musk on Thursday made a non-binding offer of $54.20 a share for Twitter, telling the company it was his best and final offer. Shares skyrocketed 18% on the news. Musk bought a 9.2% stake in Twitter earlier this month.
