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/
(Score: 2) by darkfeline on Monday October 17 2016, @05:10PM
Just because your BBS is "worth" billions, doesn't mean anyone will actually pay you billions for it.
Er, wait, what's the point of stock valuations again?
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