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Salesforce CEO says will not bid for Twitter

Saturday, October 15, 2016 - 07:31
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Salesforce.com Inc's Chief Executive Marc Benioff has ruled out bidding for Twitter Inc, adding that it was not the "right fit", the Financial Times reported on Friday.

[BENGALURU] Salesforce.com Inc's Chief Executive Marc Benioff has ruled out bidding for Twitter Inc, adding that it was not the "right fit", the Financial Times reported on Friday.

"In this case we've walked away. It wasn't the right fit for us," Mr Benioff told FT in an interview.

Twitter's shares fell 5.2 per cent to US$16.88, while those of Salesforce rose 4.8 per cent to US$74.

Twitter and Salesforce could not be immediately reached for comment.

REUTERS

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