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371 views • April 19, 2022

Report: Asset Manager Ready to Fund Musk Bid

NTD News
NTD News
One of the key question marks over Elon Musk's Twitter bid is how he would finance the deal if it were accepted. Musk has offered about $40 billion for Twitter. His net worth, according to Forbes, is over $250 billion. But most of that is tied up in Tesla stock; it's not cash. But Apollo Global Management, one of the world's biggest private equity firms, could be willing to front Musk the money. It's not confirmed. The Wall Street Journal first reported the news. But we asked someone working at the company if it's true. They said Apollo recently launched a new fund and this type of deal would fit the bill. They said Apollo doesn't care about politics and would front the money if it made business sense. Apollo would want a 6 to 12 percent return every year on its investment. NTD spoke with Jeff Carlson, chartered financial analyst charterholder and host of "Truth over News" on EpochTV, to discuss.
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