With a share price now less than one-third its 2014 peak price of US$69, Twitter looks much more digestible.
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Twitter CEO Jack Dorsey, who took over in October previous year, is trying to turnover the company.
Speaking to Bloomberg, Williams declined to comment on whether the company will remain an independent entity for the foreseeable future. He went on to say, “We’re in a strong position now, and as a board member we have to consider the right options”. Chief Executive Officer Steve Ballmer and Saudi Prince Alwaleed bin Talal Al Saud were teaming up to buy the company. While analysts played down the chatter, Axiom Capital’s Victor Anthony said that if Twitter’s business doesn’t turn around by mid-2017, a case could be made for a sale.
If Live Events is executed correctly, it would lead to a meaningful rebound in user engagement and offer a significant revenue boost to reposition the San Francisco-based company, he argued. The talks clearly didn’t amount to much. Peck, though, continues to indicate the board is supportive of CEO Jack Dorsey and doesn’t feel an acquisition is imminent.
The phone and cable giant has a streaming deal with the NFL, and Twitter in April signed a deal with the league to stream Thursday night games. For his part, Williams claimed that his confidence in the company’s current CEO remains “high”.
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TWTR stock is on the rise since early morning today, after CNBC-without citing its information source-reported that several activist investors presently eye it for a potential stake. Similar spikes have occurred whenever rumors have surfaced regarding a takeover.
