Twitter Stock Drops Sharply After Report That Disney, Google

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Twitter Stock Drops Sharply After Report That Disney, Google

Postby Tom Nolette » Fri Oct 07, 2016 9:55 am

Twitter Stock Drops Sharply After Report That Disney, Google Won't Submit Bids

Apple is also unlikely to pursue the social media giant, it says, leaving cloud computing firm Salesforce.com as the main potential suitor.
Twitter's stock declined more than 18 percent in early Thursday trading after reports that Walt Disney and Google won't submit bids for the social media company.

Disney, which reportedly considered a possible Twitter bid, has decided not to pursue the company, Recode had reported after the stock market close on Wednesday, citing sources familiar with the situation.

It also said that Google, which some Wall Street observers had called a logical buyer for Twitter and which reportedly had also explored a play for the firm, was not going to bid. Recode added that fellow technology giant Apple was unlikely to make an offer as well.

http://www.hollywoodreporter.com/news/t ... ce=twitter
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