The market has taken note of chatter this morning pertaining to a possible acquisition of Twitter. The microblogging network’s shares are up some 3.5 percent today as rumors circulate that it is fending off takeover bids from some major companies. While no company has formally been named rumor has it that Google is one of the companies that’s seriously considering buying Twitter.
So far there has been no confirmation or denial by Google that it’s looking into a possible deal. Twitter is tightlipped as well and is not saying whether it has received any bids.
Several reports suggest that Twitter has actually hired advisors to “fend off a takeover offer,” perhaps the biggest hints yet that the company is in no mood to sell.
Goldman Sachs is being referenced as the advisor in some reports but as previously mentioned nothing is known for sure at this point in time.
Market chatter suggests that two companies have their eyes on Twitter, which has a market capitalization just south of $33 billion, and Google’s name is coming up even though there’s no evidence to prove that the Mountain View company is interested in acquiring Twitter.
It goes without saying that market rumors should be taken with a heavy dose of salt because they often turn out to be false. We’ll let you know if official word comes in from Google and Twitter regarding all this.