BLOOMBERG: Struggling tech company may be targeted for acquisition.
BLOOMBERG: Struggling tech company may be targeted for acquisition.
Shares slumped 5.6 percent Monday to $29.27, the lowest price since the company’s November 2013 initial public offering — a move that pushed Twitter below $20 billion in market value, making it more attractive to potential acquirers like Google Inc., investors said.
“Sometimes a dip in trading price of a stock can be a triggering event for deeper M&A discussions,” said Ted Hollifield, co-head of the venture and merger and acquisition practice at Alston & Bird LLP in Menlo Park, California. He holds Twitter stock personally. “If you were to go down a list of large tech companies with big cash piles, many of those names would make a lot of sense to at least have casual engagement with Twitter now.”
