viewTwitter Inc

Twitter rises on talk of possible bid

Twitter’s shares declined 35% last year as growth stalled, and the company is in the midst of a major overhaul to correct this.

Reports suggest two investors could be eyeing up a deal

Shares in social media giant Twitter (NYSE:TWTR) jumped in early trading after reports suggested investor Marc Andreessen and private equity firm Silver Lake were considering “some sort of deal.”

Spokespeople for Andreessen and Silver Lake declined to comment, while the reports noted they did not know when or if a deal would take place.

Shares were as much as 8% higher at US$18.25, and were around 7.5% up after a few hours of trading on Monday to US$18.

Twitter’s shares declined 35% last year as growth stalled, and the company is in the midst of a major overhaul to correct this.

The firm announced co-founder Jack Dorsey as its permanent chief executive in October, and he was quick to make his presence felt.

In January, four executives left, including the product and engineering chief.

The social media company also named a new chief marketing officer, Leslie Berland, formerly of American Express, and is expected to appoint two new board members soon.

Quick facts: Twitter Inc

Price: 46.59 USD

Market: NYSE
Market Cap: $37.06 billion

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