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posted by cmn32480 on Monday October 17 2016, @06:17AM   Printer-friendly
from the twit-tock-time-is-running-out dept.

Submitted via IRC for TheMightyBuzzard

It's official. Salesforce CEO Marc Benioff told Financial Times that it will not be bidding on Twitter. On news that the CRM company was pulling out of the running, the social network's stocks tumbled six percent.

During an Interview with FT, Benioff said, "in this case we've walked away. It wasn't the right fit for us." Salesforce was the last big name in the running to bid on Twitter. Google and Disney had already removed themselves from potentially buying the company.

Earlier this month Reuters reported that Twitter was pushing to have a sale decision by October 27th. An incredibly aggressive plan for any company, especially one that's seen user growth nearly flatline and struggles to make a profit. Meanwhile, not everyone inside the blue bird is happy about a potential sale.

Source: https://www.engadget.com/2016/10/14/salesforce-ceo-says-no-to-twitter-bid/


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  • (Score: 1, Informative) by Anonymous Coward on Monday October 17 2016, @07:03AM

    by Anonymous Coward on Monday October 17 2016, @07:03AM (#415127)

    Luckily, your dream may become reality.

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