Twitter's (TWTR) Sale Process Said Almost Dead - Bloomberg

October 10, 2016 6:50 AM EDT

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Twitter's (NYSE: TWTR) sale process is almost dead, as top bidders lose interest amid pressure from investors, according to Bloomberg, citing people familiar with the matter. Alphabet (NASDAQ: GOOGL), (NYSE: CRM), and Disney (NYSE: DIS) are unlikely to make a bid, the report said.

The report states that Twitter has considered other solutions, such as divestitures of assets not central to its business.

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