'Twitter decided this month on sale '

'Twitter decided this month on sale '

Tech October 6, 2016 10:06

- Twitter wants negotiations on a possible sale still finish this month. That might be, according to Reuters company to potential bidders know. The deadline is October 27, the day when the third quarter results will be announced.

Interested companies must submit a final bid, according to sources in the next two weeks. Potential buyers include other Salesforce. com and Walt Disney Co. Also Alphabet, the parent company of Google, would have thought about a bid. Recode Wednesday, however, reported that Alphabet already decided not to go offer. It is not certain that the process will result in a sale.

Twitter began to think just last month on sale. It seems that CEO Jack Dorsey wants to provide shareholders and employees clarity as soon as possible about the future of the company, which has struggled to make a profit.

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