Twitter Inc. is inching closer to being sold. According to several media reports Friday — all of which cited unnamed sources — many technology companies, including Google and Salesforce, have expressed interest in acquiring the struggling social media giant.
According to the two sources cited by Recode, selling Twitter is likely to fetch at least $30 billion.
“I think [a Twitter acquisition] would be a way for a media or technology company to have immediate access to a sizable platform,” Anthony diClemente, an analyst at the financial services company Nomura, told the Wall Street Journal. “That’s a big means of distribution of media and undefined social content and in some ways the strategic value of Twitter is in the eyes of the beholder.”
However, the company is yet to receive a formal acquisition bid, and it is still far from certain that a sale will materialize. Twitter, Google and Salesforce are yet to comment on the reports, although Salesforce’s chief digital evangelist Vala Afshar did tweet his personal views about Twitter… see more