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Twitter bids expected to come in this week, Salesforce may be among suitors: WSJ

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05 Oct 2016 00:37 #323160 by chairman
Twitter is expected to take bids for the business this week, the Wall Street Journal reported, and Salesforce may number among the suitors.

The WSJ reported that Salesforce CEO Marc Benioff, who was beaten by Microsoft in the battle for LinkedIn, was working to convince his company's investors that Twitter was a good fit. But the WSJ wrote that he would likely face competition on any attempt to buy Twitter, with Alphabet's Google and Walt Disney also mulling offers.

The newspaper cautioned that Twitter could cost $20 billion or more, and there was no guarantee any bid would come in high enough to lead to a sale.
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06 Oct 2016 11:56 #323272 by chairman
Over the last few weeks, reports of potential suitors eyeing Twitter for a takeover have sent the social network’s stock skyrocketing, up roughly 35% from about $18 in mid-September to as high as $25 yesterday (Oct. 5).But in after-hours trading last night, Twitter’s shares started plummeting back to Earth. The drop followed a report in Recode debunking recent rumors that both Google and Disney were going to bid on the company. The stock opened at $20.46 this morning, down roughly 18% from its close yesterday.
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07 Oct 2016 07:38 #323350 by kingcool52
Personally I think Google could do a good job with Twitter but then they did mess up Google+ didn't they. It's tough really as a lot of companies may seem like good suitors but realistically they may just end up messing up Twitter even more. Twitter is going through a rough patch at the moment and they definitely need a good buyer to fix it and stop the ship sinking.

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