Twitter Shares Spike as Talk of Takeover Rumors Resurface

Twitter (TWTR) spiked Tuesday as takeover rumors persist, making it TheStreet's Move of the Day. Shares of the social network were on the move after rumors began to spread that two separate parties were interested in a takeover. Twitter has reportedly hired Goldman Sachs as an advisor after the two unnamed parties showed serious interest in an acquisition, according to Barron's. Twitter declined to comment. This isn't the first time Twitter has been the subject of takeover talk. As recently as January, shares surged on whispers activist investor Carl Icahn had taken interest in the company, though this was later proven false.