Shares of Twitter soared nearly 20 percent on Sept. 23, on takeover rumors. Salesforce.com and Google could be interested in buying the social network, according to a CNBC report.
Twitter Inc. (TWTR:NYSE) had lost more than 50 percent of value since its initial public offering in Dec. 2013, giving it a market value of about $13 billion as of Sept. 22, making it an attractive acquisition target.
On Friday, Twitter gained nearly $3 billion in market value after the rumors of a potential takeover by Salesforce and Google emerged. Salesforce.com’s stock was down 5.5 percent and Google’s share price stayed flat.
Twitter’s share price has been under pressure since April of last year. The company is lagging far behind rival Facebook in key metrics such as user growth.
