Google, Microsoft, Verizon And Salesforce May Bid To Buy Twitter, Soon

Twitter may receive a formal bid soon for takeover

Twitter, the microblogging social network, might receive a formal purchase offer soon, confirming rumors and speculation that have been around for a while, reports CNBC. It appears Twitter’s directors may be willing to close the curtain on the company’s troubled run on the public markets.

CNBC is reporting that โ€œthe social media company is engaged in conversations with potential suitors that are said to include Google and Salesforce, among other technology companiesโ€. Telecom giant Verizon and software giant Microsoft may also be interested, according to TechCrunch.

As rumoured before, Google, who has the resources to buy the company, is a particularly interesting suitor, as buying Twitter would give it a strong foothold to take on Facebook after the relative failure of Google+. Salesforce, a cloud-computing company, known for its CRM tools and cloud computing expertise, is also extremely cash rich and could add Twitter to its diverse line-up of social and cloud enterprise services.

Of late, Twitter has been struggling with slowing user growth, falling stock value, and has been a feeding ground for vicious online abuse to maintain its place among the social- media giants itโ€™s competing with.

Ever since the news of report from CNBC broke out, Twitter’s stock soared about 22 percent in early trading Friday, giving the company a market value of more than $16 billion. The company has “received expressions of interest” from several parties but has not yet received a formal bid, even though one could come shortly, says CNBC.

Source: Engadget

Kavita Iyer
Kavita Iyerhttps://www.techworm.net
An individual, optimist, homemaker, foodie, a die hard cricket fan and most importantly one who believes in Being Human!!!
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