Rumours are starting to swirl again around a potential bid for Twitter. According to CNBC, both Salesforce and Google are interested in making a Twitter purchase and picking up the social media company. Sources told CNBC that various technology and media companies have expressed interest in submitting a formal bid for Twitter.
Twitter has been floundering lately and was recently downgraded by an RBC tech analyst to underperform. The service has been trying to redefine themselves including a recent update that allowed users to create longer tweets by not including usernames and images in the 140 character limit. According to CNBC:
Twitter’s board of directors is said to be largely desirous of a deal, according to people close to the situation, but no sale is imminent. There’s no assurance a deal will materialize, but one source close to the conversations said that they are picking up momentum and could result in a deal before year-end.
Twitter is definitely a gold mine of data that a number of companies would be interested in, along with the user base the social media service currently has, averaging 313 million monthly active users. Twitter’s stock was up 20 percent on Friday after the news, while Salesforce’s stock was down 3 percent and Google’s remained steady.
Who do you think should pick up Twitter? Google? Salesforce? Someone else? Let us know in the comments below, or on Google+, Twitter, or Facebook.[button link=”http://www.cnbc.com/2016/09/23/twitter-may-receive-formal-bid-shortly-suitors-said-to-include-salesforce-and-google.html” icon=”fa-external-link” side=”left” target=”blank” color=”285b5e” textcolor=”ffffff”]Source: CNBC[/button]
Last Updated on September 23, 2016.