Twitter Inc Charges on Possible Buyout by Alphabet Inc, Salesforce.com, Inc.

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twitter stock - Twitter Inc Charges on Possible Buyout by Alphabet Inc, Salesforce.com, Inc.

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Take the latest Twitter Inc (NYSE:TWTR) buyout talk with a grain of salt. After all, the rumors were only supplied by “people familiar with the matter,” who somehow find a way of never being named when things don’t pan out as suggested. But Twitter stock is rocketing on Friday morning on the heels of a rumor that an acquisition offer was impending.

Twitter Inc Charges on Possible Buyout by Alphabet Inc, Salesforce.com, Inc.

The suitor also was not specified. However, Alphabet Inc (NASDAQ:GOOGL) and salesforce.com, inc. (NYSE:CRM) were among the most likely buyers based on comments and interest that the companies have expressed in the past.

Twitter’s board of directors is said to be keenly interested in being bought out. That might be wise, in part because Twitter stock has been such a disaster. But also, just about everyone recognizes there’s no easy or immediate fix for its biggest challenges — not the least of which is answering the question “What is Twitter supposed to be?”

No specific timeframe for an offer was given, though in light of expectations that a deal could be completed before the end of the year, an acquisition offer would have to materialize almost immediately.

As of this writing, Twitter stock was up about 20%.

Check out our deeper analysis on the Twitter buyout talks.

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As of this writing, James Brumley did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2016/09/twitter-inc-twtr-buyout-alphabet-inc-salesforce-com-inc-googl-crm/.

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