Twitter's shares slump on report that bids are unlikely

Twitter's shares slump on report that bids are unlikely
 

Shares of Twitter Inc (TWTR.N) slumped more than 13 percent in premarket trading on Monday after a weekend Bloomberg report that the social media company was unlikely to receive any bids.
Salesforce.com Inc (CRM.N), Alphabet Inc's (GOOGL.O) Google and Walt Disney Co (DIS.N), which had worked with banks on a potential acquisition, are unlikely to proceed, Bloomberg reported on Saturday, citing people familiar with the matter.
Twitter had planned to hold a board meeting with outside advisers on Friday to discuss a sale but cancelled, Bloomberg reported, citing one person familiar with the... read more

 
10 October 2016 in Science &Technology, Views: 61
Source: Reuters
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