Twitter may get a new owner

Twitter may get a new ownerTwitter has reportedly started talks with a number of technology companies to sell itself, including Google parent Alphabet Inc and may receive a formal bid soon, according to media reports on Monday.

Among others Inc and Walt Disney Co have shown interest in the microblogging service, which is working with investment banks to evaluate its options, according to people familiar with the matter.

Salesforce is working with Bank of America on a potential bid, a Bloomberg report on Monday said.

Walt Disney is also working with a financial adviser to evaluate a possible bid for Twitter, Bloomberg reported, citing people familiar with the matter.

Jack Dorsey, who returned to Twitter as chief executive more than a year ago, has been a part of Disney's board since 2013.

Microsoft is also among the list of potential suitors, although Facebook Inc is not likely to have an interest in the social network, CNBC said, citing sources, following the Bloomberg report.

A sale could occur in the next 30 to 45 days, CNBC reported.

Still it is not clear how quickly Twitter might approach a sale, but it is moving to formalize the process, sources have said. A deal is by no means assured in light of the company's uncertain financial prospects and steep price tag - its market value is more than $16 billion after talk of a sale drove the stock up over the past few days.

Twitter Chief Executive Jack Dorsey, speaking at a conference in Washington on Monday, declined to comment on possible sale talks.
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