Musk tweets cryptic phrase days after Twitter takeover offer

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STORY: Investors on Wednesday tried to decode another cryptic tweet from Elon Musk.

This time, the billionaire wrote "[BLANK] is the Night" - an apparent reference to the F. Scott Fitzgerald novel "Tender is The Night."

The most recent post comes days after Musk, who has hinted at the possibility of a hostile bid, offered to buy Twitter for $43 billion, prompting the social media company to adopt a "poison pill" to protect itself.

Musk tweeted "Love Me Tender," an Elvis Presley song, after Twitter opted for the plan to sell shares at a discount to prevent any attempt by shareholders to amass a stake of more than 15%.

Meanwhile, more private-equity firms have expressed interest in buying Twitter after Thoma Bravo contacted the social media platform last week to explore a buyout that would challenge Musk's offer.

Sources told Reuters that Apollo Global Management is also considering ways it can participate in a deal for Twitter and is open to working with Musk or any other bidder.

Many investors, analysts and investment bankers expect Twitter's board to reject Musk's offer in the coming days, saying it is inadequate.