David Faber and Anita Balakrishnan, reporting for CNBC:
Twitter shares surged Friday after sources said the ailing social
media company moved closer to being sold.
The sources said the company has received expressions of interest
from several technology or media companies and may receive a
formal bid shortly. The potential suitors include Google and
Salesforce.com, among other technology companies, sources said.
The news was taken seriously enough that Twitter’s share price closed up 21 percent for the day. If this happens, I sure hope it’s Salesforce that buys them, not Google. Why? Just a gut feeling that Salesforce would be less likely to screw Twitter up. I could be completely wrong on that, though.
★ Friday, 23 September 2016