Twitter Shares Rise as M&A Talks Continue

Shares of Twitter (TWTR) - Get Report rebounded Tuesday following reports the company is in M&A talks with Salesforce (CRM) - Get Report . Twitter's shares have taken a hit in recent sessions following reports that multiple bidders had withdrawn their consideration. But talks have continued between Twitter and the cloud computing company, according to the Wall Street Journal. Analysts at Monness, Crespi, Hardt estimate the the sale price could be between $11 billion and $15 billion. The firm calculated that amount by valuing the company at about $60 per user.