Twitter had a rise in share price nearly 20% on the reports.
At just about each recent night meal, school gathering and social gossips wherever we’ve observed into the digital elite, everybody appears to have the same question: what is going on to happen to Twitter?
A few major technology companies may make a play in it’s acquisition before the end of the year. Twitter’s board is leaning toward making a sale with possible suitors including Google and Salesforce, amongst other tech companies, as CNBC’s David Faber reported Sept 23,2016.
According to the report of TechCrunch on Friday, Verizon and Microsoft are also interested to acquire it. But it is said, that big tech companies sometime express interest in acquisition of smaller companies only for discussions to peter out.
A former board member Mike McCue said: “Twitter is a huge phenomenon more than it is a company.”
But maybe that is the truth, as twitter’s CEO Jack Dorsey and his high management is trying to bring growth and worth back to the company he started.
Last week, well-known Twitter’s investors Steve Ballmer, the previous Microsoft CEO who also owns Los Angeles Clippers, and Saudi aristocrat Alwaleed Bin Talal joined the list, a mix that was very attention-grabbing since along they own roughly 9 percent of the company. Which shows who are the possible key players with either the influence or possession necessary to form or break a possible deal for this company?
Salesforce chief digital evangelist Vala Afshar expressed his love for Twitter earlier.
While CEO Marc Benioff likes to buy things, according to sources at Salesforce, these rumors about his interest in Twitter are just that, and such a purchase is unlikely. But it is a fun idea, because Benioff is fun!
If we look at the twitter’s past performance, we observe that it’s user base isn’t growing. It’s business isn’t growing the way Wall Street likes, either. Every three months, the company delivers disappointing earnings that put a big, fat rain cloud over any positive progress it’s making toward a turnaround.
Bringing the company private, or hiding it behind some other acquirer, certainly looks appealing to those who believe it just needs time.
So who is going to buy twitter? You can expect the list will keep growing.