Market Overview

BGR: Twitter's Mysterious Takeover Suitor Could Be Google

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Shares of Twitter Inc (NYSE: TWTR) are surging on Tuesday, following rumors about a potential takeover bid.

While details on the alleged deal are scarce, market chatter reveals there are two –- unnamed -- companies that have approached Twitter management with “serious” interest, Barron’s reports.

In an article published by BGR, Jacob Siegal speculates about who the candidates could be. He names Google Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) as one of the most likely.

Shares of Google are up 0.7 percent on the day.

Related Link: Why Twitter Shares Are Soaring Today

The writer warns the rumors cannot be taken too seriously, but he does add “the idea of Twitter being bought out by a more profitable technology company isn’t too difficult to fathom.”

Posted-In: Barron’s BGR Jacob SiegalM&A News Rumors Movers Tech

 

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