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Twitter shares soar almost 20% on takeover talk | Twitter shares soar almost 20% on takeover talk |
(35 minutes later) | |
Shares in Twitter jumped almost 20% after a report said the home of the 140-character tweet had received takeover approaches. | Shares in Twitter jumped almost 20% after a report said the home of the 140-character tweet had received takeover approaches. |
Twitter, which has been the subject of takeover rumours before, is getting closer to a sale, according to the US business news channel CNBC. | Twitter, which has been the subject of takeover rumours before, is getting closer to a sale, according to the US business news channel CNBC. |
Potential suitors include Google and Salesforce.com, the report said. | Potential suitors include Google and Salesforce.com, the report said. |
Twitter's board of directors is open to a deal, which could come by the end of the year, according to CNBC. | Twitter's board of directors is open to a deal, which could come by the end of the year, according to CNBC. |
Last month Twitter shares jumped after comments from co-founder Ev Williams. | Last month Twitter shares jumped after comments from co-founder Ev Williams. |
When asked on Bloomberg TV whether the company could remain independent he replied: "We're in a strong position now, and as a board member we have to consider the right options." | When asked on Bloomberg TV whether the company could remain independent he replied: "We're in a strong position now, and as a board member we have to consider the right options." |
The $26bn purchase of the social network LinkedIn by Microsoft has helped to stoke speculation about the future of Twitter. | |
The company's flagging performance has also spurred talk of a takeover. | |
Twitter has never made a profit and sales growth has been slowing in recent quarters. | |
In July, Twitter reported that second quarter sales had risen almost 20%, the weakest growth since its stock market flotation in 2013. |