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

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.

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.