No Buyer For Twitter As Salesforce Says No Thank You

Posted: Oct 15 2016, 1:12am CDT | by , in News | Latest Business News


No Buyer for Twitter as Salesforce Says No Thank You
Photo Credit: Getty Images

In a bad news for Twitter, its last potential buyer Salesforce has decided not to make a bid to buy the struggling micro-blogging website.

Salesforce CEO Marc Benioff told the Financial Times that he has "walked away" from making a bid to buy Twitter.

Earlier, Google, Apple and Walt Disney also decided not to bid for the website.

Twitter stocks fell significantly this week after Google and Walt Disney reportedly ruled out to acquire the struggling micro-blogging platform.

Twitter is expected to announce its next quarterly earnings on October 27.

The acquisition of Twitter -- struggling to add new users amid stalled growth -- may cost over $20 billion.

It currently has 313 million monthly active users.

You May Like


The Author

<a href="/latest_stories/all/all/59" rel="author">IANS</a>
The Indo-Asian News Service (IANS) was established in 1986, initially to serve as an information bridge between India and its thriving Diaspora in North America. Now IANS is a full-fledged wire agency, putting out news 24x7 from around the world.




Leave a Comment

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Also Like


Read the Latest from I4U News