Industry Updates

'SAMENA Daily' - News

Twitter said to continue working on a possible sale of the company

Twitter shares fell sharply this week as reports claimed Disney and Google are not planning to bid for the company.

Despite rumours to the contrary, sources cited by Recode on Wednesday said Google is not about to make a move for Twitter. Separate sources cite by the same outlet on Thursday said Disney does not want to bid either.

That leaves Salesforce as the only company still potentially in the running for Twitter, and even then, its interest is unconfirmed.

According to the Financial Times, Twitter is said to be working with Goldman Sachs and Allen & Co on a possible sale of the company. The newspaper reported on Thursday that Twitter might find a buyer from further afield, even in China.

Rumours of a possible sale come amid stalling growth at Twitter. The company added just 9 million monthly active users (MAUs) in the 12 months to 30 June. By comparison, Facebook added 220 million MAUs over the same period. Second-quarter revenue at Twitter came in at $602 million (€535.7 million), up from $502.4 million in the year ago quarter.



Source: http://www.totaltele.com/view.aspx?C=2&ID=495177

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