Latest in Gear

Image credit: Michael Nagle/Bloomberg via Getty Images

Google is reportedly interested in buying Twitter

No deal has been agreed on but the company could receive a bid soon.
Matt Brian, @m4tt
09.23.16 in Internet
3369 Shares
Share
Tweet
Share
Save

Sponsored Links

Michael Nagle/Bloomberg via Getty Images

In recent months, Twitter has come in for all sorts of criticism over how it runs the company. With growth flat, profits continuing to fall and negative reactions from users over how it's combating harassment on the platform, some have called for a bigger company to step in and help make those troubles go away. According to CNBC, that could well happen, after sources close to the company said that Google, Salesforce and other technology companies are "engaged in conversations" with the social media giant over a possible sale.

The news has investors excited; at the time of writing, Twitter's share price has rocketed 20 percent and is climbing steadily. CBNC says that the company has "received expressions of interest" from numerous parties but has not yet received a formal bid -- although one could come shortly.

Google, which has tried and failed numerous times to innovate in the social media space, has the resources to buy the company but also to accommodate Twitter's global team. Salesforce, known for its CRM tools and cloud computing expertise, is also extremely cash rich and could add Twitter to its diverse line-up of social and cloud enterprise services. (Update: TechCrunch also reports that Engadget's parent company Verizon, as well as Microsoft, are also in the running).

Sources have indicated that suitors may be more interested in Twitter's data than its position as a media source, which admittedly doesn't sound great for users. But then again, what social network isn't monetizing its users nowadays?

Verizon owns Engadget's parent company, Verizon Media. Rest assured, Verizon has no control over our coverage. Engadget remains editorially independent.

Source: CNBC
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
3369 Shares
Share
Tweet
Share
Save

Popular on Engadget

Former NASA engineer thwarts porch pirates again with 'Glitter Bomb 2.0'

Former NASA engineer thwarts porch pirates again with 'Glitter Bomb 2.0'

View
Google pauses Chrome update for Android after reports of app data loss

Google pauses Chrome update for Android after reports of app data loss

View
Google Maps helps you find EV chargers that work with your car

Google Maps helps you find EV chargers that work with your car

View
RCS messaging is now available to all Android users in the US

RCS messaging is now available to all Android users in the US

View
PewDiePie is 'taking a break' from YouTube in 2020

PewDiePie is 'taking a break' from YouTube in 2020

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr