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salesforce.com, inc. (NYSE: CRM), Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc (NASDAQ: GOOG) and Walt Disney Co (NYSE: DIS) are all said to be vying to buy out Twitter Inc (NYSE: TWTR) - and this is "surprising" to Neil Doshi of Mizuho securities.
Speaking as a guest on CNBC, Doshi admitted he's "pretty surprised" there are so many potential suitors to acquire Twitter at its current valuation. After all, Twitter is a company whose fundamentals have been "down very significantly." Specifically, the company's revenue is growing at just 20 percent, "well below" levels seen a year ago and its user base has "stalled."
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Doshi said the issues surrounding privacy on Twitter's platform remains.
Doshi was asked by CNBC if it's at all possible that the aforementioned companies would find justification in acquiring Twitter simply on the basis they have the cash to do so. For instance, Microsoft already dished out billions of dollars to acquire LinkedIn and by some accounts Disney overpaid for Lucasfilm.
The analyst answered that LinkedIn is a "great asset" with a growing user base and a "significantly" faster revenue growth rate compared to Twitter. In addition, Lucasfilm "definitely has value" given its many intellectual property rights.
Twitter has neither of those characteristics.
Shares traded recently at $23.58, up 24 percent over the last five trading sessions.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.