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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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Disney mulls Twitter bid

2016-09-27 02:00:00| Total Telecom industry news

Company reportedly working with advisor on offer for social media service.

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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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