Exclusive: Apollo, Sixth Street no longer in talks to finance Twitter deal, sources say

NEW YORK, Oct 5 (Reuters) – Apollo World Administration Inc (APO.N) and Sixth Road, which had been seeking to present financing to Elon Musk earlier this 12 months for his proposed buyout of Twitter Inc (TWTR.N), are not in talks with the billionaire entrepreneur, in response to two sources accustomed to the matter.

Musk and Twitter are in litigation after the entrepreneur initially pulled his provide to purchase the corporate are in talks to finish the case and clear the best way for the $44 billion deal to shut.

Twitter and Musk didn’t instantly reply to request for remark, whereas Apollo and Sixth Road declined to remark.

Musk has mentioned he would finance the cope with his personal money, co-investors and financial institution financing.

Earlier within the 12 months, Apollo was additionally contemplating methods it might present financing to a deal, sources beforehand informed Reuters.

Sixth Road was a part of the talks, the place the buyers had been taking a look at offering about $1 billion for the deal.

These talks have ended, in response to the sources accustomed to the matter on Wednesday.

Reporting by Chibuike Oguh in New York; Writing by Anirban Sen; Modifying by Mark Porter and Marguerita Choy

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