Technology Other News 23 Sep 2016 Google, Salesforce l ...

Google, Salesforce likely to place bid for Twitter: report

DECCAN CHRONICLE
Published Sep 23, 2016, 9:29 pm IST
Updated Sep 23, 2016, 9:29 pm IST
Sources said the company has drawn interest from various technology and media outlets and may receive a formal bid soon.
Micro-blogging site Twitter might be accepting bids from potential buyers soon. (Representational image)
 Micro-blogging site Twitter might be accepting bids from potential buyers soon. (Representational image)

Micro-blogging site Twitter is reportedly in conversation with a number of technology companies including Google and Salesforce for a potential sale, reported CNBC.

According to the report, the shares of the ailing social media website surged 23 per cent after sources confirmed that it is on the verge of being sold.

 

Sources also pointed out that the company has drawn interest from various technology and media outlets and may receive a formal bid soon.

Among several technology companies, Google and cloud computing company Salesforce could be potential suitors who might place a bid for Twitter.

Twitter’s board of directors have also backed the move to sell the company, according to people familiar to the current situation.

Though there is no official statement from Twitter yet, one of the sources told CNBC that a deal might take place before the end of this year.

 

The report also highlighted that potential buyers are interested in Twitter due to the amount of data it generates and also owing to its high media value.

Twitter, over the course of this year, has made several changes to its platform to make it better for its users. If a sale does happen, it will be quite surprising to say the least.

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