Why Twitter Is Unlikely To Accept A Buyout Offer
Reports of interests in bidding for Twitter sent the stock to multi-month highs.
The difference between what bidders will pay and where Twitter values the social media site suggests a deal is highly unlikely.
Investors wrongly confuse exploring options with accepting any imminent bid.
The good numbers from week 2 in the NFL support buying Twitter on any dips if the buyout surge deflates this week.
Twitter (NYSE:TWTR) shot up 21% on Friday to a recent high of $22.62 on news that the social media service was moving closer to being sold. The CNBCreport suggested that Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) and Salesforce (NYSE:CRM) were seriously looking at making bids.
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