Jack Dorsey [REUTERS]
Salesforce.com and Google are two of the technology giants who have expressed interest in a possible buyout of the struggling social media firm Twitter, according to various reports.
Reuters describes today's news leak as “the start of what is likely to be a slow-rolling auction of the high-profile but money-losing social media company.”
CNBC reported the Twitter sale talks rumors, citing anonymous sources. Twitter is in talks with companies including Google/Alphabet, and may receive a formal bid from them soon. Citing an anonymous source, Reuters says Salesforce.com is also pursuing Twitter.
Twitter and Alphabet Inc, Google's parent company did not respond to a request for comment. Salesforce declined to comment.
Verizon, another company mentioned in media reports on Friday as a possible suitor, said it did not comment on M&A rumors but that it had not submitted a bid for the company.
From Mike Isaac et al, at the New York Times:
Twitter, based in San Francisco, is talking with Salesforce.com, Google and others about a possible takeover of the company, people briefed on the discussions said on Friday. The talks are in the early stages, these people said, with no guarantee that a deal will be reached. In particular, Jack Dorsey, Twitter’s chief executive, is resistant to selling to some of the potential acquirers, they said.
Twitter is also weighing a possible revamping that could involve divestitures and layoffs, the people said. Two divisions that Twitter is considering divesting itself of are Vine, the mobile six-second video service, and MoPub, a mobile advertising business, they said. The company is working with the investment banks Goldman Sachs and Allen & Company on its options.
In related news, an important Buzzfeed report came out this week about the silence many harassment victims hear when they report abuse on Twitter to Twitter.
Nest is a home automation company that Google bought in 2014, turned into an independent unit of Alphabet, then re-merged with Google again in 2018 (demonstrating that the "whole independent companies under Alphabet" thing was just a flag of convenience for tax purposes); the company has always focused on "ease of use" over security and […]
Do Not Track was a standardized way for browsers to tell services that their owners did not consent to having their activities and usage logged; however, it was subverted by Big Tech and big media companies and turned into a useless tick-box that had virtually no impact on your privacy.
The latest fuck-you from Oath -- the Verizon division created to manage the zombie assets of AOL and Yahoo, bought at a ridiculous premium and then written down by more than 99% -- is the impending drawdown of Yahoo Groups, with mass deletions of all stored "Files, Polls, Links, Photos, Folders, Calendar, Database, Attachments, Conversations, […]
In recent years, natural language processing technology and language translation technology have advanced greatly. The trouble is, language translation software typically comes in the form of apps. And while your mileage may vary on their usefulness, they share one thing in common: a serious drain on the battery for your smartphone, the very thing you’ll […]
Treat yourself, internet: We’ve rounded up some deals from the past week that were too good not to bring back for an encore. Take your pick from home goods, massagers and other tech, all at serious discounts. TREBLAB Z2 Bluetooth 5.0 Noise-Cancelling Headphones Get in the groove and stay that way with these headphones and […]
As cool as your smartphone is, it can’t do everything. When a job requires a little elbow grease, a multitool is a great thing to have around – and might just save your life in the right situation. Here’s a roundup of some of the latest multitool designs, which have come a long way since […]