Recode's Ed Lee On Twitter's M&A Outlook: 'It Comes Down To Price'

Recode's Managing Editor Ed Lee was a guest on CNBC Wednesday to talk about the likelihood of Twitter Inc TWTR being acquiring moving forward.

According to Lee, salesforce.com, inc. CRM is the "only major player" remaining and any future acquisition "comes down to price." He suggested that Salesforce CEO Marc Bennioff can't sell the idea to the company's major shareholders and Board of Directors "without the price coming down." However, even at a lower price tag, the "business rational is not there."

"It doesn't make sense for them to have Twitter," he said.

Lee doesn't see any sort of scenario in which an acquisition would be accreteive to Salesforce.

On the other hand, the price a company like Alphabet Inc GOOG would pay is a "drop in the bucket" given its hoard of cash.

Lee suggested that an acquisition of Twitter by Google made the most sense "philosophically" and from a product and technology perspective.

"The thing is," he continued. "Google doesn't really need Twitter. They don't want this to exist in the ecosystem of social media and technology companies."

Shares of Twitter were trading nearly flat Wednesday morning around $18.00 per share.