Twitter May Soon Get Formal Bid, Suitors Said to Include Salesforce and Google
Should Twitter be sold?
Neil Doshi, Mizuho, managing director & research analyst, discusses his take on Twitter being close to a sale, if there could be a potential bidding war and antitrust concerns.
The sources said the company has received expressions of interest from several technology or media companies and may receive a formal bid shortly.
The potential suitors include Google and Salesforce.com, among other technology companies, sources said.
Drew Angerer | Getty Images Jack Dorsey, co-founder and chief executive officer of Twitter
Shares of Twitter rose more than 21 percent Friday. While it is difficult to determine the value of such a distant potential deal, sources have told CNBC it could sell for around $26 per share, about $3.50 higher than Friday’s close. Other reports put a total bid in range from $18 billion to $30 billion total, as reported by Recode.
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