Don't hold your breath waiting for Elon to buy Twitter.

[Nevilledog]

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Tweet text:
southpaw
@nycsouthpaw
·
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Houston, we have a problem.

TheStreet
@TheStreet
Apollo Global Management no longer looking to lead preferred financing for Elon Musk's proposed buyout of Twitter, per Reuters
1:21 PM · Oct 5, 2022

I also read the judge has not vacated the trial set to commence on October 17th.

[C_U_L8R]

1. Maybe smart money doesn't want to fund crazy

Musk has sure undermined his credibility these past few months. Can't really blame investors for getting cold feet.

[PortTack]

2. Exactly! crazy is definitely high on the radar with that one.

[lapfog_1]

5. smart money says twitter is not worth the money that Elon promised to pay

and won't be even should he buy it.

It's all about the money.

[Elessar Zappa]

3. I really hope he doesn't buy Twitter.

Trump being back would be a disaster.

[Johnny2X2X]

6. Trump being back would mean nothing

Trump already posts to social media endlessly and the media reports on it breathlessly.

What would suck though is he'd definitely allow anti science data on Covid back on, as well as people trying to push the Big Lie.

Would also, probably let Russia tell their side of the invasion on it too.

[Cha]

9. Yeah, and then DU would be

full of his Fucking Fascist Gaslit tweets Again.

[Lovie777]

4. Not this again.....

[Celerity]

7. that @nycsouthpaw tweet is misleading, Apollo was but one of many firms trying to get in on the deal

Zero chance this is a deal-breaker. They were only looking at a 1 billion usd position.

https://www.investing.com/news/stock-market-news/apollo-global-management-backing-out-of-twitter-financing-for-musk-432SI-2905883

According to Chibuike Oguh from Reuters, Apollo Global Management, Inc. (APO) is backing out of Twitter, Inc. (TWTR) buyout financing for Elon Musk. According to a person familiar with the matter, Apollo Global Management, which was looking to provide $1 billion earlier this year to Elon Musk for the deal, is no longer in talks with the billionaire.

https://www.theblock.co/post/175163/apollo-global-elon-musk-end-talks-on-twitter-financing-reuters

Apollo had previously considered taking part in Musk’s offer to buy Twitter at $44 billion or $52.40 a share in April of this year. At the time, Apollo weighed whether it should provide another bidder with the proper equity or debt for the purchase.

Dozens of outside firms had offered to help Musk buy the social media platform, including the crypto exchange giant Binance. Of the outside firms, Apollo had sought to lead preferred financing for Musk’s Twitter bid.

[Cha]

8. And, if he does.. threre's this from Tribel..

which I had never heard of until today.. but it gives me hope so I'm not hyperventilating anymore.

Link to tweet

Link to tweet

[Catherine Vincent]

10. Anyone know why Jack Dorsey stepped away from Twitter?