Google is thinking about purchasing Twitter –Report
Report reaching us is that, Google is formally placing a bid to purchase Twitter. It was reported that both companies have been having a 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 couples of weeks to explore a sale of the company to buyers attracted by its wealth of data.
According to report by 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 contribute to the fact that, Twitter is not doing so well and why other companies is trying to purchase it.
What do you think about other companies trying to purchase Twitter? Let us know in the comments below or on any of our social media pages. We hope to hear from you.
Via: | AndroidHeadlines|
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Image Credits: | AndroidHeadlines|
