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Twitter shares jump on takeover talk reports

2016-09-26 09:08:00| Telecompaper Headlines

(Telecompaper) Twitter has received expressions of interest from a number of technology and media companies and could receive a bid by the end of the year, CNBC reported, saying the news sent shares soaring over 20 percent on 23 September. Potential suitors include Google and Salesforce.com, amongst others. Sources said the company could sell for around USD 26 per share, about USD 3.50 higher than the close. Other reports put a total bid at USD 18-30 billion, Recode reported.

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