Twitter shares jump 5% on report that Google is working with Lazard on a possible bid

By Jordan Novet

Twitter logo

Twitter stock increased more than 4 percent after a report today claiming that Google has tapped financial advisory firm Lazard to consider bidding on Twitter.

Google worked with Lazard earlier to do its acquisition of Apigee earlier this year, according to Bloomberg, citing an unnamed source.

Disney and Salesforce are also rumored to be evaluating a purchase of Twitter. The initial report that Google and Salesforce were both interested led Twitter stock to spike 20 percent.

In August Twitter cofounder and board member Ev Williams told Bloomberg that “as a board member we have to consider the right options.”

In July Twitter missed expectations on revenue for the second quarter of the year, coming up with $602 million. Meanwhile the social network’s growth rate for monthly active users has been on the decline.

Google and Lazard representatives did not immediately respond to a request for comment.

Get more stories like this on Twitter & Facebook

Read more here:: venturebeat.com/category/

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge