SAN FRANCISCO — Twitter shares surged 4% on hopes that Microsoft's $26.2 billion acquisition of LinkedIn makes the sale of the struggling social media service more likely.
Microsoft said Monday it would buy the professional networking service for $196 a share — a 50% premium — in its biggest acquisition to date.
Twitter shares were down before Microsoft's announcement.
Definitely feels like Twitter surviving the year w/out a buyout just isn't going to happen.
— Michael Arrington (@arrington) June 13, 2016
Investors are wondering if the LinkedIn deal will lead to a takeover wave. If so, Twitter would be a prime target.
Hi,
Yep twitter has been cutting staff... because of low numbers = people joining
I could not really understand the win-10 twitter app being installed so this sort of makes sense :/
Of course I removed the twitter app :)
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