The Telegram (St. John's)

Twitter surges after report that it may be on the block

-

NEW YORK — Twitter’s stock is surging following a report that the social media company, forever struggling in Facebook’s shadow, is close to a sale. The business channel CNBC, citing unnamed sources, said Friday that Twitter Inc. has received “expression­s of interest” from several technology or media companies and may receive a formal bid by the end of the year. It named Salesforce.com. and Google as possible buyers. Twitter has failed to keep pace with Facebook Inc. and Snapchat as far as growth and a loyal fan base are concerned. Salesforce.com said it doesn’t comment on rumours and Google did not respond to a request to talk about a possible deal.

Newspapers in English

Newspapers from Canada