Twitter Stock Soars After Rumors Of Google Takeover
SAN FRANCISCO (CBS SF) -- Rumors are swirling again that Google is trying to buy Twitter, raising the social media website's stock to $52, a 4 percent increase on Tuesday.
The live market analysis firm Briefing.com fueled the hearsay after indicating that Twitter had hired Goldman Sachs advisors to help fend a takeover offer.
In 2011, Twitter turned down individual buyout offers from Google and Facebook after holding several low-level talks.
Twitter is currently valued $33 billion with almost 300 million active monthly users.
Google declined to comment and Twitter did not immediately respond to an email seeking comment.
