Apollo Global Group the owners of Cox Media is named as a candidate to get Twitter

[Y2kTheNewOldies]

Cox Media Group Would Be A Sister To Twitter If Apollo Global Makes A Move.

Apollo Global Management, the majority owner of Cox Media Group, is reportedly considering making a bid to buy Twitter. The Wall Street Journal says Apollo has held discussions about providing

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Note in the news we hear about Elon Musk being named as Candidate to get Twitter on the national level. Here another group is named to get Twitter and its Cox Media.

Twitter may not be a natural fit for Cox Media Group, but Apollo Global is one of the biggest buyout firms with a wide array of holdings. That list includes AOL and Yahoo, which the Journal says had already been in talks to form an alliance with Twitter.

There may be an opening for New York-based Apollo and others even though Musk, the CEO of Tesla and SpaceX, offered to buy Twitter for $43 billion last week. While he is the richest person in the world with a net worth of roughly $250 billion, nearly all of Musk’s wealth is tied up in shares of Tesla and SpaceX. That means the uber-wealthy Musk is “cash poor” and would need to take on several billion dollars’ worth of debt to do the deal, money that Apollo may be willing to provide him.