<p>Apollo Global Management and Elon Musk are "no longer in talks" about a potential financing deal for the billionaire entrepreneur's prospective bid to buy Twitter, according to <a href="https://www.reuters.com/markets/deals/exclusive-musk-apollo-no-longer-talks-finance-twitter-deal-source-2022-10-05/" target="_blank" rel="noopener">Reuters</a>.</p> <p><span style="font-weight: 400;">Apollo had previously considered taking part in Musk’s offer to buy Twitter at $44 billion or $52.40 a share in April of this year. At the time, Apollo </span><a href="https://www.theblock.co/linked/142421/apollo-global-weighs-going-in-on-bid-to-buy-twitter-report"><span style="font-weight: 400;">weighed</span></a><span style="font-weight: 400;"> whether it should provide another bidder with the proper equity or debt for the purchase. </span></p> <p><span style="font-weight: 400;">Dozens of outside firms had offered to help Musk buy the social media platform, including the crypto exchange giant </span><a href="https://www.theblock.co/linked/145221/binance-joins-funding-for-elon-musks-takeover-of-twitter"><span style="font-weight: 400;">Binance</span></a><span style="font-weight: 400;">. Of the outside firms, Apollo had sought to lead preferred financing for Musk’s Twitter bid. </span></p> <p><span style="font-weight: 400;">Musk first offered to buy Twitter in April of 2022 for $44 billion, backed down in July, then </span><a href="https://www.theblock.co/post/174744/elon-musk-renews-bid-to-purchase-twitter-reports"><span style="font-weight: 400;">renewed</span></a><span style="font-weight: 400;"> interest in buying the social media platform on October 4</span><span style="font-weight: 400;">, The Block previously reported. Should the deal go through, Musk has said that he </span><a href="https://www.theblock.co/post/143461/heres-how-elon-musk-could-change-crypto-twitter"><span style="font-weight: 400;">intends</span></a><span style="font-weight: 400;"> to tackle Twitter’s bot problem.</span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>