Twitter is gearing up to sell out to Salesforce, Google, Microsoft or Verizon. According to sources, Twitter management is in serious talks with the potential buyers. However, industry analysts have narrowed down to Twitter and Salesforce likely to buy struggling Twitter.
Microsoft and Verizon also looking on to hit the sweet spot but they cannot be confirmed now. With a market share of $13.3 million, Twitter opened markets with a sharp increase of 22 percent. There are reports that Microoft is working hard to keep Salesforce away from the race.
Salesforce currently has around half of the current market cap of Twitter in its own cash reserves. This mean that if it acquired the company, it would need to raise the remainder elsewhere if it’s an all-cash deal. Otherwise, it would need to make the rest of the purchase in shares.
To recall, Sales force had already spent more than $4 billion on acquisitions in the first six months of this year.
We will keep in touch with the developments and update. Stay tuned with NetAns
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