UPDATE: Twitter (TWTR) Active on Unconfirmed Takeover Chatter

November 7, 2016 9:33 AM EST

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(Updated - November 7, 2016 9:49 AM EST)

Twitter (NYSE: TWTR) shares were active Monday on unconfirmed chatter that a takeover could happen this week. The source of the rumor was Betaville's Ben Harrington, speaking on TipTv. The report said bankers were fielding final round offers from Disney (NYSE: DIS) and a couple of other parties. Offers were in the low $20s range.

Separately, the reports said there might be something formal announced regarding a takeover of Michael Kors (NYSE: KORS).

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