Tech

Buyout firm Thoma Bravo approaches Twitter with acquisition interest

Key Points
  • Buyout firm Thoma Bravo has contacted Twitter to express interest in putting together an acquisition offer to rival billionaire Elon Musk's $43 billion offer, sources told Reuters.
  • 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.
A person in a mask walks by the New York Twitter offices after they announced they will close their re-opened offices effective immediately in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021.
Andrew Kelly | Reuters

Buyout firm Thoma Bravo has contacted Twitter to express interest in putting together an acquisition offer that would rival Tesla Chief Executive Elon Musk's $43 billion bid, people familiar with the matter said on Friday.

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.

A Thoma Bravo spokesperson declined to comment while Twitter representatives did not immediately respond to a request for comment.

The New York Post reported on Thursday that Thoma Bravo was considering a bid for Twitter.

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