Twitter Shares Slip As Sale Fizzles
Twitter shares plummeted last week as potential suitors threw in the towel to exit from the acquisition process.
Twitter stock, which had been marching steadily upward since news of a possible sale surfaced in September, fell 20 percent to $19.85. Google no longer plans to make a bid, technology-news site Recode said. Walt Disney also will now not put in an offer. Salesforce has not formally withdrawn
Salesforce.com is still seen as a possible bidder by some observers, but CEO Mark Benioff has described Twitter as having “severe issues”.