Buyout firm Thoma Bravo approaches Twitter with acquisition interest

Tesla chief Elon Musk has launched a hostile takeover bid for Twitter, insisting it was a “best and final offer” and that he was the only person capable of unlocking the full potential of the platform. (AFP)

• It is not clear how much Thoma Bravo would be prepared to offer

NEW YORK: Buyout firm Thoma Bravo LP has contacted Twitter Inc. to express interest in putting together an acquisition offer that would rival Tesla Inc. 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.