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Monday, 10 Oct 2016, 09:32 pm Zoom In Zoom Out No icon

13% price fall on Twitter’s shares

Shares of Twitter Inc slumped more than 13 percent in premarket trading on Monday after a weekend Bloomberg report that the social media company was unlikely to receive any bids.

Salesforce.com Inc, Alphabet Inc’s Google and Walt Disney Co, which had worked with banks on a potential acquisition, are unlikely to proceed, Bloomberg reported on Saturday, citing people familiar with the matter.

Twitter had planned to hold a board meeting with outside advisers on Friday to discuss a sale but canceled, Bloomberg reported, citing one person familiar with the matter.