Twitter is being courted by several potential buyers, including Google, Salesforce, Verizon and Microsoft, according to sources.
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Twitter shares rose sharply to $22.77, up 22 percent.
Rumours are starting to swirl again around a potential bid for Twitter.
Salesforce, meanwhile, is not exactly a household name – the US-based company operates in cloud computing for businesses and customer service platforms.
News of the potential buyout sent shares in Twitter soaring by as much as 20 per cent as investors clearly see this as the best way for the company to escape its current woes.
Twitter shares soared by nearly 22 percent, to $22.70, after a report from CNBC said Twitter may soon get a formal acquisition offer, and that the potential buyers include Salesforce.com and Google’s parent company, Alphabet. However, sources say that, while conversations are ongoing and picking up steam, there’s no assurance that a deal will be inked. Twitter’s stock is soaring following a report that it may be moving closer to selling the business, Friday, Sept. 23.
While Salesforce has already spent over $4 billion on acquisitions this year, it might still consider a purchase as expensive as that of Twitter. A takeover of the company could occur before the end of the year, according to the CNBC report.
Salesforce.com said it doesn’t comment on rumors and Google did not immediately respond to a request to talk about a possible deal.
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Speculation that Twitter is ripe for a sale has been swirling for months as the company has failed to lure new users, leading to several quarters of stagnant growth and a plummeting stock.
