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

Wed, Aug 05, 2015 - 5:50 AM

For Google's 2016 earnings to benefit from an acquisition, Twitter's price would have to drop to US$11.16 a share. For Facebook's earnings to benefit, Twitter shares would only need to drop to US$20.78.

PHOTO: AFP

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...

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