Apollo, Sixth Street no longer in talks to finance Twitter deal

Following a protracted legal battle that tarnished Twitter's reputation and fueled Elon Musk's reputation for acting erratically

the two parties are currently working to come to a resolution.

According to two persons familiar with the situation, Apollo Global Management Inc. and Sixth Street Partners

which were seeking to finance Elon Musk earlier this year for his proposed $44 billion acquisition of Twitter Inc., are no longer in discussions with the multibillionaire businessman.

Apollo and Sixth Street were negotiating to offer preferred equity financing for the transaction earlier this year.

At the time, investors like Apollo, Sixth Street, and others were seeking to invest over $1 billion in the purchase.

Around the time Musk began to have second thoughts about moving forward with the transaction, those discussions came to a stop months ago.

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