Deals
Twitter Shares Jump on Speculation About Takeover Interest
- News Corp. denies report it wants a stake in Twitter
- Twitter gains as Facebook, LinkedIn and Google decline
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Twitter Inc. rebounded from a record low on speculation that News Corp. may be interested in acquiring all or part of it -- a possibility that the media conglomerate swiftly denied.
Twitter has long been rumored as a takeover candidate, so once the stock got low enough to spark renewed speculation, it jumped on Wednesday, according to Brian Wieser, an analyst at Pivotal Research. That happened a day after Twitter slumped to a new all-time low, following outages to the company’s website and mobile services over the weekend.