Twitter, which has been not been growing as investors would like for it to, may seek stimulus from a new owner. At least, if it lets itself be bought.
CNBC sources are saying that multiple possible acquirers have expressed interest in buying the social media platform, including Google and customer relationship management company Salesforce. Word from TechCrunch says that Microsoft and Verizon are also in the running. The company’s board of directors seems very interested in a sale, though no blueprints have been laid out just yet.
Twitter’s market capitalization stands at more than $13 billion and TWTR shares shot up more than 20 percent from start of trading today.
Salesforce lost out against Microsoft’s $26 billion bid to take over white-collar social platform LinkedIn and its Chief Digital Evangelist, Vala Afshar, has been tweeting his pro-Twitter position for a while. In the meantime, Verizon is working out a $5 billion deal for control of Yahoo. And we all know how Google+ has worked out for Mountain View.