Shares of Twitter slumped 9 per cent late on Wednesday after Recode reported that Google, owned by Alphabet, would not move forward with a bid to acquire the social network.
Citing sources it did not identify, Recode also said that Apple was unlikely to be one of the possible suitors.
Twitter has told potential buyers it wants to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct. 27, people familiar with the matter told Reuters.
- Samajwadi Party Crisis Deepens: Here’s How It Will Impact UP Polls
- 24 Maoists Killed In Encounter In Odisha
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
Salesforce.com Inc is in the running, while Alphabet and Walt Disney Co have also contemplated bids, the people told Reuters.
Twitter’s stock was last down 9.21 percent in after-hours trade at $22.58.
The company has struggled to generate revenue growth and profit, despite having some 313 million average monthly active users and a growing presence as a source of news.