Report reaching us is that Google is formally placing a bid to purchase Twitter. It was reported that both companies have been having talks to purchase the social media network. Twitter has been experiencing a slow growth for the past years so I’m not surprised this tech giant company Google is trying to purchase it. Other tech companies like salesforce are among the bidders trying to buy the social media network.
According to reports in the Financial Times, the social media network Twitter, have been working with Goldman Sachs for a couple of weeks to explore a sale of the company to buyers attracted by its wealth of data.
According to CNBC, they point out that the potential deal could value Twitter a $22 a share.
The social media network Twitter, unveiled its second quarter of losses in July, amounting to $106m (£81m). This contributes to the fact that, Twitter is not doing so well and why other companies is trying to purchase it.
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Via: | AndroidHeadlines|
Image Credits: | AndroidHeadlines|