Few companies seem interested in buying Twitter

Yesterday, Twitter‘s (TWTR) plummeted after news spread of few interest from buyers at the auction of the company. After slow growth in the number of users and a number of other losses. In September, the board of the company agreed for a possible sale to be on the table till October 27 when it releases its earnings report for the third quarter. Walt Disney (DIS) has been scrapped of the list of potential buyers, while Google (GOOGL) or Salesforce.com (CMR) are considered likely buyers. When news spread of Salesforce potential bid, its stock decreased. However many investors as well as analysts are of the opinion that Twitter is still too expensive for buyers on the market. Earlier in the day, the company's stock surged by 80% as many hoped that the company would be bought.

 

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