Rumors are spreading very fast indeed of Twitter being approached by Google in a buyout bid, reports suggest a $1.5bn was added to the worth of social micro-blogging site Twitter.
The Guardian reports two possible takeover bids, where one of the was Google. So much so that Twitter hired Goldman Sachs to fend them off. Twitter of course has declined to comment, but its stocks have risen by 4%.
Do you think Google will launch a bid for Twitter?
Twitter shares have jumped up by 4.8pc after the above was reported, Twitter’s stock ended at US$52.87 per share, which is a huge rise of 45pc so far this year with a yearly high for the company.
Twitter is now apparently worth $34bn with 300 million monthly active users, and with Google having over $60bn in the bank they are favorites to bid. If there are two possible names in the takeover bid, who is the second?
It would make sense to say Apple or Microsoft could be the other names, Google has a cash stockpile of around $60bn but Microsoft has about $90bn, but it is Apple with the largest stockpile of case estimated at $178bn.