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Report claims social network could be sold before end of year.
Twitter has attracted interest from Google and Salesforce, and could be sold before the end of the year, it emerged late last week.
According to sources cited by CNBC on Friday, the company has received expressions of interest from multiple tech and media companies, and could soon receive a formal bid.
A separate report by TechCrunch claimed that Microsoft – which earlier this year acquired LinkedIn – and Verizon – which is busy building up its media and advertising assets – have also shown interest.
Twitter is struggling to inject fresh momentum amid slowing growth in the number of users and revenue. The company ended June with 313 monthly active users, up by just 9 million on last year. It generated revenue of US$602 million (€535.7 million) in the second quarter, compared to $502.4 million a year ago.
It appears that investors are now looking for the exit.
Twitter’s board is said to be keen to sell, according to CNBC, but no agreement is imminent; however, sources said a deal could be sealed before the end of 2016.
CNBC said the company could fetch around US$26 per share, while a separate report by Recode said offers could range from $18 billion-$30 billion.
