• Yesterday, 2:01 PM
    • Fabric, a platform developed by Twitter (TWTR +0.1%) and first introduced in 2014, will merge with Google's Developer Product Group (GOOG, GOOGL), and work within the company's Firebase team.
    • Fabric's Crashlytics, Answers and related beta products are inclusive of the deal, for which terms have not been made known.
    • Blog posts [Fabric, Google]
    Yesterday, 2:01 PM | 44 Comments
  • Dec. 30, 2016, 7:17 PM
    • More speculation about whether Netflix (NFLX -1.2%) is the right acquisition target for Walt Disney (DIS -0.3%) -- known to be on the hunt for a more direct distribution method.
    • Jennifer Saba hits a couple of familiar notes (Netflix would give Disney a massive streaming audience as well as a successor to CEO Bob Iger in Reed Hastings), but points out such a deal would be expensive: Netflix trades at well over 100 times forward earnings compared with Disney's 16 times. With a standard 30% premium, a deal might come at $65B.
    • Returns would be inadequate financially for Disney's tastes, but Saba suggests that strategic issues may loom larger in such a takeout.
    • Disney has paid out $1B for a third of BAMTech, which Iger called an "enabler" for the future of sports TV.
    • Meanwhile, video is at the center of persistent chatter that Disney could get interested in Twitter (TWTR -0.6%), which this year pumped up its streaming offering to include football broadcasts.
    Dec. 30, 2016, 7:17 PM | 58 Comments
  • Oct. 27, 2016, 1:58 AM
    • Speaking at WSJ.D Live in California, Salesforce (NYSE:CRM) CEO Marc Benioff described the recent pair of key acquisitions that got away.
    • Twitter: "We've never had a deal leak before... We had to stop because I'm running the business in partnership with my shareholders."
    • LinkedIn: "We really liked some of the business fundamentals, [as opposed to Microsoft executives which] specifically said they will create a product that will create a barrier to entry of other companies."
    Oct. 27, 2016, 1:58 AM | 13 Comments
  • Oct. 21, 2016, 3:54 PM
    • Twitter (NYSE:TWTR) shares presently up over 7% since 2PM ET, SoftBank Group (OTCPK:SFTBYdown 1.07% on the day.
    • Update (5PM ET): Rumors remain just that, no concrete details available. Twitter nevertheless closed the week up 8% on the move.
    Oct. 21, 2016, 3:54 PM | 107 Comments
  • Oct. 18, 2016, 4:47 AM
    • Disney (NYSE:DIS) decided against buying Twitter (NYSE:TWTR) partly due to concerns that the hate speech that's rampant on the social network would undermine Disney's family friendly image, Bloomberg reports.
    • Another reason is that although Twitter has a market cap of almost $12B, it continues to lose money, which brought out some of Disney's largest investors in opposition to a deal.
    • Other potential suitors to end their interest in Twitter were Salesforce and Google.
    • Previous
    Oct. 18, 2016, 4:47 AM | 60 Comments
  • Oct. 14, 2016, 1:40 PM
    • Salesforce (CRM +5.3%) CEO Marc Benioff in an interview with the Financial Times notes Twitter (TWTR -6.5%) "wasn't the right fit for us" for "many different reasons."
    • Salesforce was considered to be one of the only suitors remaining in a potential Twitter acquisition, and with its departure, leaves the table seemingly empty.
    Oct. 14, 2016, 1:40 PM | 56 Comments
  • Oct. 11, 2016, 9:33 AM
    Oct. 11, 2016, 9:33 AM | 20 Comments
  • Oct. 10, 2016, 4:15 PM
    • Although Salesforce was thought to be out of the mix as of this weekend, a new report has the company nonetheless still evaluating the benefits a deal could represent and what an appropriate valuation surrounding one might be.
    • Potentially lowball offer cited to be under deliberation.
    • Meanwhile, in an internal memo reportedly sent out to Twitter employees last week, CEO Jack Dorsey made no mention of any deals, instead highlighting initiatives revolving around the company's live strategy and other merits.
    • Twitter (NYSE:TWTR+0.63% after hours, Salesforce (NYSE:CRM-0.25%.
    Oct. 10, 2016, 4:15 PM | 63 Comments
  • Oct. 10, 2016, 8:56 AM
    • Alphabet, The Walt Disney Co. and others had already been considered ruled out from the list of interested parties at one point contemplating a possible acquisition of Twitter (NYSE:TWTR).
    • Over the weekend, a Bloomberg report noted Salesforce (NYSE:CRM), once thought to be seriously involved in the situation, is additionally not expected to pursue a deal.
    • Salesforce shares have been pressured by the rumors in recent weeks, though are up 3% in premarket trading as its interest is now supposedly fading.
    Oct. 10, 2016, 8:56 AM | 41 Comments
  • Oct. 6, 2016, 9:18 AM
    • CNBC's David Faber counters claims described in a Reuters report that an October 27 (Twitter's Q3 earnings) deadline to conclude any sale negotiations between Twitter (NYSE:TWTR) and potential bidders has been set.
    • While Alphabet, Apple and The Walt Disney Co. are now considered to be out of the mix, other bidders are noted by Faber to remain involved (no names cited). Salesforce is still believed to be in play, while no news regarding Microsoft (reported by CNBC September 26) has developed in recent days.
    • Twitter shares are now down over 17% in premarket trading on the diminishing list of previously speculated big-time parties interested in the company.
    Oct. 6, 2016, 9:18 AM | 32 Comments
  • Oct. 6, 2016, 7:13 AM
    Oct. 6, 2016, 7:13 AM | 54 Comments
  • Oct. 5, 2016, 7:08 PM
    Oct. 5, 2016, 7:08 PM | 121 Comments
  • Oct. 4, 2016, 7:03 PM
    • Twitter (TWTR -2%) is expected to field bids from suitors this week, and an especially interested Marc Benioff of Salesforce.com calls it an "unpolished jewel," The Wall Street Journal reports.
    • Twitter has moved up 3% after hours following the news.
    • Gathering actual bids suggests the sale of the company is much closer than before. And while Salesforce (CRM +3%) would love to make a splash by acquiring Twitter's voluminous data, Google (GOOG +0.5%, GOOGL +0.3%) and Disney (DIS +0.1%) are expected to be part of the action too, according to WSJ's sources.
    • Twitter has untapped potential in advertising, e-commerce and data-rich applications, Salesforce chief Benioff figures -- though he may also be motivated by losing out to Microsoft in a race to buy LinkedIn. And at a price of $20B or more, it would be tougher to swallow for Salesforce (market cap of $49.2B) than for Alphabet ($539.9B) or Disney ($148.2B).
    • After hours: CRM -0.8%.
    Oct. 4, 2016, 7:03 PM | 92 Comments
  • Sep. 30, 2016, 7:39 PM
    • Alphabet (GOOG +0.3%, GOOGL +0.2%) -- considered by many observers to be the best strategic prospect for buying Twitter (NYSE:TWTR) -- has hired Lazard to evaluate such a deal, Bloomberg reports.
    • Twitter is up 5.4% after hours.
    • Adviser hiring never means anything definite, but it does suggest the search giant is taking seriously the news and speculation that Twitter could be sold to any number of other companies, including Salesforce.com, Walt Disney or even AT&T.
    • Twitter had hired Goldman Sachs and Allen & Co. to go over potential bids after getting interest from Salesforce. Meanwhile, Lazard served as adviser for Google as it agreed to acquire Apigee for $625M this month.
    Sep. 30, 2016, 7:39 PM | 104 Comments
  • Sep. 28, 2016, 6:28 PM
    • Now officially linked in to wide-ranging speculation about who might buy Twitter (TWTR -3.2%): AT&T (T -1.5%).
    • A purchase by AT&T could make sense, Mizuho's Neil Doshi writes, but he thinks Twitter's valuation is such that an acquisition doesn't really add up for anybody. He's downgraded TWTR to Underperform, with a price target of $15 (Twitter shares closed today at $22.96).
    • If not great fits, the best fits for a Twitter purchase are Salesforce (NYSE:CRM), Alphabet (GOOG, GOOGL) and AT&T, "but that is about it" and "only Alphabet makes sense from a strategic perspective."
    • Fundamentals at Twitter have "deteriorated significantly" over the past year, Doshi says. Verizon's paying about six times EV/EBITDA for the core of Yahoo (growing almost as fast as Twitter in many respects), while Twitter trades near a multiple of 16. Microsoft is buying LinkedIn for 20 times, though LinkedIn is growing much faster than Twitter.
    • Meanwhile, Nomura reiterated a Neutral rating on Twitter and price target of $13, while Loop Capital downgraded to Sell from Hold, with a price target of $18.
    Sep. 28, 2016, 6:28 PM | 32 Comments
  • Sep. 28, 2016, 4:47 PM
    • With competition heating up with Apple for the future of digital music, Spotify (Private:MUSIC) is in advanced talks to purchase SoundCloud, reports the FT.
    • SoundCloud's investors include Twitter (NYSE:TWTR).
    • Spotify has 100M users globally, and this month hit 40M paying subscribers. Apple Music has 17M subscribers, and SoundCloud recently launched its own paid service.
    • Interested parties include Pandora (NYSE:P).
    Sep. 28, 2016, 4:47 PM | 48 Comments