With Microsoft’s $26.2 billion acquisition of LinkedIn, focus has now shifted to social media networking site Twitter. Will Twitter be the next be acquisition target in the tech world?
On Monday, Twitter shares jumped up 53 cents, or 4 percent, to $14.55 on speculation that LinkedIn’s buyout could mean better buyout prospects for that social media service.
According to media reports, Microsoft-LinkedIn acquisition in the enterprise social media space has rekindled hope for Twitter which is affected by stalled user growth.
If Twitter shares stay up for some time, it is a clear signal that investors would rather see it in someone else’s hands, Re/Code reported on Tuesday.
Google is rumoured to be ahead in the race to acquire Twitter. Another key global media player Comcast may also join the race, the report added.
Twitter is currently going through a major overhaul under Jack Dorsey, the new CEO. While Twitter has gained global prominence with celebrities, activists and citizens using the platform to voice their thoughts, it has lagged behind competitors like Facebook in terms of growth in number of users.