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Twitter Rumored Target of Takeover

Category: General News
Posted: 03:33PM

According to "chatter," Twitter has hired Goldman Sachs to advise it as it attempts to "fend off a takeover offer" from a pair of interested companies. One of the companies is reported to be Google, which along with Facebook attempted to acquire Twitter in the past. The news sent Twitter stock up 3.5% to $52.62 earlier in the day, giving it a market capitalization of roughly $33 million.

Source: Barron's and LA Times

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