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Twitter seeks takeover deal by end-Oct - report
2016-10-06 08:33:00| Telecompaper Headlines
(Telecompaper) Twitter has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on 27 October, people familiar with the matter told Reuters. The timeline is ambitious, given that Twitter began mulling a sale only last month. Binding takeover bids are due in the next two weeks, and Twitter has already whittled down the field of potential acquirers, the report said. Salesforce.com is in the running, while Google parent Alphabet and Walt Disney Co have also been contemplating bids, the sources said. Recode reported separately that both Google and Disney have ruled out making an offer, while Apple is also unlikely to bid.
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Category:Telecommunications