Recent reports have indicated that Silicon Valley giants Facebook and Google may be looking to purchase Twitter in a hostile takeover bid. Twitter’s stocks rallied to $52.62 (3.5%), close to the 52-week high for the company, when news broke from within the investment community.
However, plugged-in sources The Michael Report spoke to over the last day have said that there is currently no discussions ongoing between Twitter and other companies for a possible takeover attempt.
The Barrons report also cited unnamed sources saying Goldman Sachs has been retained by Twitter to fend off any possible hostile takeover attempts. This is false: Goldman Sachs has long been Twitter’s banker, and was not retained specifically to fend off takeover bids.
Updating as we learn more…