Twitter Soars on Deal Chatter
Shares in Twitter were up almost 8% Monday in the wake of a report on Sunday from The Information (subscription required) claiming that Marc Andreessen and Silver Lake Partners have “considered some sort of deal” with the social media company.
The Information said it wasn’t known if the talks were still active and what the nature of the discussion were, but it was enough of a thread for investors to tug on and push Twitter shares up $1.29 (7.68%) to $18.09 each in mid-day trading Monday – still well below the company’s 52-week high of $53.49.
Word of the discussion come as Twitter struggles for growth, a few months after Twitter founder Jack Dorsey was named Twitter’s permanent CEO, and just a week after Twitter announced some changes up top amid an ongoing restructuring.
The Wall Street Journalreported earlier that Twitter is pushing to bring in two new board members. Twitter is scheduled to post Q4 2015 results on Wednesday (February 10).
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