Twitter's drop to its lowest since IPO may draw takeover offers

San Francisco

TWITTER Inc management's tough talk may be turning the company into a takeover target.

Shares slumped 5.6 per cent on Monday to US$29.27, the lowest price since the company's November 2013 initial public offering. The move pushed Twitter below US$20 billion in market value, making it more attractive to potential acquirers like Google, investors said.