Twitter (TWTR) Stock Is on Fire as Wall Street Bets on a Blockbuster Takeover Deal - TheStreet

Twitter (TWTR) - Get Report founder Jack Dorsey has to be in a joyful mood this holiday season. 

Shares of President Trump's social media platform of choice spiked as much as 7.3% on Thursday, the highest level since October 2016. Fueling the gains have been trader rumors of a possible deal for Twitter in light of Disney's (DIS) - Get Report big 21st Century Fox (FOXA) - Get Report transaction. Such an idea isn't being pulled out of thin air. 

Takeover talks surrounding Twitter died down in late 2016 after Disney, Salesforce.com (CRM) - Get Report  and other potential suitors lost interest in the struggling social media company. BTIG analyst Richard Greenfield said in May that the improvements to Twitter's timeline make it an "inevitable" takeover target again.

Either way, with Twitter's stock hovering near a 52-week high any deal will be more expensive than one year ago. 

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