Home > Sales & Marketing > eBusiness > Twitter Shares Slip As Sale Fizzles

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 Salesforce has not formally withdrawn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”.

You may also like
As Shareholders, Advertisers & Consumers Turn On Facebook Staff Warned About Own Security
JB Hi-Fi Holds One-Day Sale
ASIC To Investigate ASX Crash
BREAKING NEWS: Credibility Of Facebook & Twitter On The Line After They Try To Hide Leaked Email
Good Guys eBay Sale Slashes 15% Off Everything