Buyout firm Thoma Bravo approaches Twitter with acquisition interest

NEW YORK (Reuters) – Buyout agency Thoma Bravo LP has contacted Twitter Inc to precise curiosity in placing collectively an acquisition supply that will rival Tesla Inc Chief Government Elon Musk’s $43 billion bid, individuals accustomed to the matter stated on Friday.

Thoma Bravo, a personal fairness agency that had greater than $103 billion in belongings below administration as of the top of December, has knowledgeable Twitter that it’s exploring the opportunity of placing collectively a bid, the sources stated.

It’s not clear how a lot Thoma Bravo could be ready to supply and there’s no certainty that such a rival bid will materialize, the sources cautioned, asking to not be recognized as a result of the matter is confidential.

A Thoma Bravo spokesperson declined to remark whereas Twitter representatives didn’t instantly reply to a request for remark.

The New York Put up reported on Thursday that Thoma Bravo was contemplating a bid for Twitter.

(Reporting by Greg Roumeliotis and Krystal Hu; Enhancing by Sandra Maler)