With Elon Musk’s personal buyout of Twitter, it’s tough for managers of other people’s money – like private equity firms, for example – to justify investing alongside him. Musk’s potential coinvestors will be rare birds, writes richardbeales1:
- Elon Musk, who has agreed to buy Twitter for $44 billion, has been inundated with offers from potential equity partners to join him in the deal for the social media group, and he will decide in the coming weeks whether to team up with someone, Reuters reported on April 29 citing a source familiar with the matter.
Editing by Lauren Silva Laughlin and Sharon LamOpinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.Sign up to our investor newsletter to get the latest news and trends in global financial markets.
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