Twitter’s shares slump on report that bids unlikely

BENGALURU: Twitter shares slumped over 13% in pre-market trading on Monday following a Bloomberg report on Saturday that the company was unlikely to receive bids.

BENGALURU: Twitter shares slumped over 13% in pre-market trading on Monday following a Bloomberg report on Saturday that the company was unlikely to receive bids. Salesforce.com, Alphabet Inc’s Google and Walt Disney, which had worked with banks on a potential acquisition, are unlikely to proceed, the report said, citing people familiar with the matter.

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