Friday 21 July 2017

Twitter shares surge on back of Silver Lake deal speculation

Twitter stock photo
Twitter stock photo Business Desk Business Desk

SHARES in Twitter jumped 8.6pc in early trade following a report in The Information that investor Marc Andreessen and private equity firm Silver Lake are considering an investment deal that could result in a takeover of the firm.

Twitter shares rose to a high of $18.25 in trading.

The company is in the midst of an overhaul in a bid to boost its growth.

Its shares fell 35pc last year.

Twitter has named American Express Co executive Leslie Berland as its chief marketing officer, Chief Executive Jack Dorsey tweeted on Tuesday.

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