Twitter shares plunged on Thursday, a day after technology website Recode reported that Alphabet’s Google and Disney would not bid for the social network and Apple was unlikely to be a suitor.
The company has requested binding acquisition bids within the next two weeks, Reuters reported on Wednesday, and hopes to wrap up sale negotiations before the end of theRead more
Chatter about a sale of Twitter is intensifying amid sputtering efforts to transform the one-to-many messaging platform into a profitable business.
Twitter shares soared 21.45 percent Friday to close at $22.62 on unconfirmed media reports of a potential sale, with Alphabet-owned Google and Salesforce named as possible suitors.
The share price gave the San Francisco-based company a market value ofRead more