Nobody is buying Twitter

Nobody is buying Twitter
In a span of just two weeks, Twitter went from the hottest commodity in the tech space to a company that nobody wants to buy.

Salesforce CEO Marc Benioff was the most recent executive to drop his company out of the Twitter acquisition pool, leaving nobody left. Other suitors, including Google, Apple and Disney all declined to move past the due diligence stage in the last week.

"In this case we've walked away. It wasn't the right fit for us," said Benioff.

Twitter's board and advisors are still looking for potential bidders, but investors don't appear to see anything on the horizon; Twitter's stock has fallen 34 percent in the last week.

Source:
FT


Written by: Andre Yoskowitz @ 15 Oct 2016 20:42
Tags
Twitter Salesforce
Advertisement - News comments available below the ad
  • 2 comments
  • Rezer

    SalesForce was a super weird prospect anyway. I can see them buying Linkdin, but Twitter? Any collaboration between them would degrade both brands.

    15.10.2016 23:56 #1

  • megadunderhead

    ok first twitter you are allowing people to advertise sex drugs and other stuff on your site and in all due honesty i wouldn't want to be involved with you at all if i saw that on my site.

    21.10.2016 18:58 #2

© 2019 AfterDawn Oy