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Buyout firm Thoma Bravo approaches Twitter with acquisition interest

Buyout firm Thoma Bravo approaches Twitter with acquisition interest

The Twitter logo is displayed on a screen on the floor of the New York Stock Exchange on Sep 28, 2016. (File photo: Reuters/Brendan McDermid)

NEW YORK: 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 US$43 billion bid, people familiar with the matter said on Friday (Apr 15).

Thoma Bravo, a private equity firm that had more than US$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 materialise, 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.

Source: Reuters/kg

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