Twitter (TWTR) Gains as Bidding Said to Start this Week
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October 5, 2016 4:43 PM EDT
(Updated)
Twitter (NYSE: TWTR) told potential acquirers that it seeks to conclude sale negotiations by the time it reports Q3 earnings on Oct. 27, according to Reuters sources. Binding offers are due in the next two weeks.
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October 5, 2016 1:34 PM EDT
Disney (NYSE: DIS) CEO Robert Iger declined to comment on Twitter (NYSE: TWTR) and Netflix (NASDAQ: NFLX) speculation at an event in Boston, according to Bloomberg.
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October 5, 2016 12:21 PM EDT
salesforce.com (NYSE: CRM) is coming off intra-day lows. Weakness today comes amid increased chatter it will buy Twitter (NYSE; TWTR), which investors are having a hard time grasping. Shares remain down 6.5% but are up $1 off the lows.
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October 5, 2016 9:36 AM EDT
salesforce.com (NYSE: CRM) Investor Sentiment Near 'Universally Opposed' to Twitter (NYSE: TWTR) Acquisition - Bloomberg, Citing CLSA
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October 5, 2016 7:47 AM EDT
BTIG reaffirmed its Buy rating and $100 price target on salesforce.com (NYSE: CRM) following the company's Analyst Day this week.
The firm commented, The company didnt cover much new ground at the Analyst Day, but the tone was bullish (as usual).... More
October 5, 2016 6:22 AM EDT
Twitter (NYSE: TWTR) is recently up 85c to $24.36 in the premarket after reports of a bidding process. October weekly call option implied volatility is at 57, October is at 65, November is at 69; compared to its 52-week range of 41 to 117.
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