Market Overview

Silver Lake Doesn't Want 'Even A Slice' Of Twitter

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Shares of Twitter Inc (NYSE: TWTR) surged Monday morning following a report by The Information that suggested notable investor Marc Andreeson and Silver Lake have "considered some sort of deal" to acquire the struggling tech company.

A source within Silver Lake told Benzinga on Monday afternoon that this report was not true.

Fortune also reported a source told them that Silver Lake has "no interest in acquiring even a slice of Twitter."

See Also: Twitter Up For Sale? Shares Spike Amid Report Marc Andreessen, Silver Lake 'Have Considered Some Sort Of Deal'

Fortune, citing its "source familiar with the matter" noted that Silver Lake's interest in Twitter represents a "tepid" rumor. Nevertheless, this proved to be convincing enough to drive Twitter's stock higher by more than 8 percent on Monday.

Shares of Twitter hit an intra-day high of $18.77 late Monday morning but gave up some of their gains. The stock is presently oscillating in the upper $17 area.

Posted-In: Fortune MArc Andreeson Silver Lake.News Rumors Exclusives Movers Tech

 

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