The social media platforms are flooded with rumors that Twitter will be sold soon. As the news first broke out earlier today, CNBC reported that Google and Salesforce are the interested parties in acquiring Twitter. Now, another report from TechCrunch claims that Microsoft is also interetsed in Twitter.
Some Key Points about Twitter:
- Currently, Twitter has a market cap of $13.3 billion.
- Twitter is a very strong consumer product which is also widely used in the media business.
- Twitter has 313 million monthly active users.
- The projected price of twitter can be around $18 billion.
A few months back, Microsoft announced that they will be acquiring social network LinkedIn for $26.2 billion dollars. As per Microsoft, the deal is expected to be finished by end of December. Later it was revealed that Salesforce was one of the top companies which were interested in acquiring LinkedIn. Reportedly, Microsoft had to bid a lot more money so that Salesforce may not acquire LinkedIn. When contacted to TechCrunch they said, their sources have revealed this can be a strategy of Microsoft so that the price of Twitter goes higher and Salesforce may not acquire it.
Earlier, some sources said that Twitter might be sold before January 2017 and this now can be true if all goes well. Though all this is still in a rumored state and thus we ask our readers to take this with a grain of salt. Moreover, none of the companies have officially confirmed any plans. However, all this has helped Twitter to get a stock boost by 21%.
Let’s see what our readers think? Who can buy twitter? Let us know in the comments below.