According to a report from CNBC, Twitter wants to sell. CNBC’s sources say that Twitter’s board of directors is “largely desirous of a deal,” and the company has “received expressions of interest” from tech and media companies. The most notable buyers on the shortlist? Salesforce.com and Google.
Twitter has had trouble growing its user base, and in turn, its advertising revenue. Twitter’s monthly active user count of 320 million puts it in the same neighborhood as Google+ (300 million) and far from Facebook’s offerings of Instagram (400 million) and Facebook (1.59 billion).
News of a possible sale has sent Twitter stock up over 20 percent.
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Source: Ars Technica – Report: Twitter wants to sell, potential suitors include Google, Salesforce