Is Twitter up for Sale ?
In the past few days, there’s a buzz in the tech world that the social media site Twitter is heading towards for a Sale. The Google’s acquisition is much favored by the Twitter as it also holding talks in that regard according to the sources.On the reports that Google buying twitter shares of the Social Networking site increased all of a sudden.
A cloud computing company is also in the race for the acquisition. One of the tech giant Verizon has expressed interest in acquiring Twitter. It also has the plans to buy Yahoo soon. However, a potential bid would be able to make Twitter nod its head for the merger.
Twitter is, in fact, hoping for such a luring deal. The Board meeting held earlier has discussed many aspects about the sale of the company.
For the past two years, Twitter is suffering from losses. There were many steps taken to uplift the declining trend in the financial performance of the company. The talks held between Twitter and Google have certainly raised the shares in the stock market. Around 23% increase is reported.
On the other hand, the company has suffered from a major blow as the two of its key staff members holding important portfolios have resigned. One among them is Mr. Andrew Adashek, Head of TV.
There are about 313 million active users on Twitter. The bid is based on the data that is available on the social media site. Hence, all these users will be counted in the valuation for the merger.
One confusion still exists as there is no official announcement from the company regarding the twitter sale after the Board of Directors meeting. Till date, all the efforts to make Twitter emerge from the crisis have been a big failure. CEO Jack Dorsey has taken many decisions in this regard.
But none were successful including the latest funds pumping from the investors.Indeed, the board member and co-founder EV Williams mentioned ‘consider the right options’ last month after the meet.We will get a clarity about the Twitter sale only after that meeting.