According to reports in media, Twitter issued deadline of Oct 27 for the potential buyers to finalize a sale transaction.
Plenty of names are appearing to snatch the deal comprise the likes of salesforce.com, (NYSE:CRM), Google parent Alphabet (NASDAQ:GOOGL) and Walt Disney (NYSE:DIS).
According to the publication, salesforce.com,(CRM) which sells cloud-based sales, marketing and customer service software to large businesses, could turn Twitter’s focus to customer support or mine data for business intelligence, meanwhile online giant Alphabet (GOOGL) may want Twitter’s social and news competences.
Meanwhile Walt Disney (DIS) might use Twitter to dispense video streaming to a global audience, giving the media powerhouse a new channel for sports, news and entertainment. Twitter recently announced that mobile video would help it attract more users and advertisers.
However none of these proposed buyers have commented on the rumour.
These type of takeover gossips have spun for almost a year after Twitter reported three successive quarters of zero user growth. The company also recently informed investors about its hardships competing for advertising dollars. The string of bad news made twitter a more affordable acquisition target as investors abandoned the company. In February, its market value dropped to less than $10 billion, an all-time low.
The current rumored emerged one day after major Twitter investor Chris Sacca announced that he is been selling his stock and wants the social network to be acquired.
Major Twitter investor Chris Sacca says he’s sold some Twitter stock and thinks the social network is ripe for sale.
Sacca said in a statement that “I’ve definitely sold some Twitter shares, I don’t own as many as I used to because I’m not an idiot, but I own more than I should because I’m an idiot.”
Sacca comment arrives more than a year after he fired off a series of tweets suggesting Twitter name co-founder Jack Dorsey CEO, a post he held from 2006 to 2008.