Friday, September 23, 2016

Twitter Is Said to Be Discussing a Possible Takeover - The New York Times

Stock up ~21% today

"The social network site Twitter is talking with Salesforce.com, Google and others over a possible takeover of the company, people briefed on the discussions said on Friday.

The discussions are in the early stages, these people said, and there is no guarantee that a deal will be reached.

At the same time, Twitter is weighing a possible revamping of the company that could involve divestitures and layoffs. The company is working with the investment banks Goldman Sachs and Allen & Company on its options."
Twitter Is Said to Be Discussing a Possible Takeover - The New York Times
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