Shares of Twitter Inc TWTR are surging on Tuesday, following rumors about a potential takeover bid being fended off by the social media giant – reportedly helped by Goldman Sachs Group Inc GS. While details on the alleged deal are scarce, chatter says there are two –unnamed- companies, that have approached management with “serious” interest, Barron’s reports.
In an article published by BGR, author Jacob Siegal speculates about who the candidates could be. He names Google Inc GOOGL GOOG as one of the most likely. Shares of Google are also up now.
Related Link: Why Twitter Shares Are Soaring Today
Of course, the rumors cannot be taken too seriously, the writer warns, but says “the idea of Twitter being bought out by a more profitable technology company isn’t too difficult to fathom.”
Related Link: Global Social Network Users Pass 2 Billion For First Time Ever
Come back later to check on any updates that might emerge in relation to this issue.
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