Twitter’s stock rockets after report a buyout is near

  • 8 years ago
Shares of Twitter Inc. rocketed toward their best one-day advance in its history, after CNBC reported that the company was closing in on a sale. Twitter has received inbound interest in a takeover from “several technology companies” and the board, “is said to be largely desirous of a deal.” The report names Google and Salesforce.com as potential suitors. Twitter's stock has been under pressure for months, as the company struggles to boost user growth.