Are Twitter’s days as an independent company numbered? Twitter stock soared 20% Friday after CNBC reported that the company is moving closer to selling itself.
Twitter (TWTR, Tech30) has been viewed as a takeover target for some time now. The Financial Times also reported Friday that Twitter has hired Goldman Sachs to advise it on a sale. If true, it makes sense: Twitter CFO Anthony Noto used to work for Goldman Sachs.