(CRM) Says 'No Comment' on Twitter (TWTR) Rumors

September 23, 2016 10:24 AM EDT

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here. (NYSE: CRM) offered no comment on rumors today it could buy Twitter (NYSE: TWTR).

"We don't comment on rumors," Chi Hea Cho, VP Corporate Communications at salesforce, told StreetInsider in an e-mail after CNBC's David Faber reported this morning that the company and Google are eyeing a potential Twitter takeover.

The comments comes despite an exec at salesforce stoking the takeover flames after tweeting positive about the company after the rumors broke. salesforce Chief Digital Evangelist Vala noted the following positives about Twitter:

  1. personal learning network
  2. the best realtime, context rich news
  3. democratize intelligence
  4. great place to promote others

salesforce lost a bidding war with Microsoft (NASDAQ: MSFT) for LinkedIn (NASDAQ: LNKD) earlier this year.

Shares of the CRM are down 3.6% as investors are having a hard time understanding how a deal with Twitter would fit.

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