Google Mulling Bid For Twitter -Report

Twitter shares are higher Monday as speculation grows about buyout interest in the social media company known for its famous 140-character tweets.

Author:: TheStreet Staff
Publish date:: Oct 3, 2016 2:44 PM EDT

Twitter (TWTR) - Get Report shares are on the rise again this Monday as speculation grows about buyout interest in the social media company known for its famous 140-character tweets. Google is working with financial adviser, Lazard to weigh a potential bid according to a report late Friday from Bloomberg. A person familiar with the arrangement says Google hasn't indicated it will definitely make an offer but is taking a look. Google, a subsidiary of Alphabet (GOOGL) - Get Report , is considered a likely buyer given existing ad and mobile publishing deals. If the report is true, and Google moves forward, it pits the social media giant against other interested parties including SalesforceCRM and Walt Disney (DIS) - Get Report . TheStreet's Jeanne Yurman has details from Wall Street.