| From: Glenn Petersen | 9/23/2016 9:47:21 AM | | | | | | Twitter Surges 17%: Salesforce, Google Among Suitors, Amenable to a Deal, Says CNBC
By Tiernan Ray
Barron's
September 23, 2016, 9:10 A.M. ET
Shares of Twitter ( TWTR) are up $4, or over 21%, at $22.63, in early trading, after CNBC’s David Faber reported a short while ago that a “group of suitors” that includes tech companies and media companies have expressed interest in buying the company, and that the board of directors is expressing an interest in making a move.
Possible suitors are said to include cloud computing pioneer Salesforce.com ( CRM) and Alphabet’s ( GOOGL) Google.
“Twitter has received expressions of interest from a number of technology companies that are considering whether to make a bid for the social media company,” reported Faber on air, citing multiple unnamed parties “close to the situation.”
“And its board is said to be largely desirous of a deal.”
Talks are “picking up momentum and could result in a deal before year end,” reported Faber. Faber said sources tell him that the parties involved are interested in Twitter for the data it has and is gathering.
“Nothing imminent, but certainly some momentum,” said Faber.
Certainly this morning’s tidbit and upward momentum is a tad annoying if you were in the frame of mind of Mark Mahaney of RBC Capital, who told me on Tuesday that a buyout seemed like a 5-year wait, and who downgraded the stock to Underperform late yesterday.
blogs.barrons.com |
| | Speculating in Takeover Targets | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: Glenn Petersen who wrote (4269) | 9/23/2016 11:54:39 AM | | From: Cautious_Optimist | | | | The problem for investors like me was the failure to recognize the over-valuation of Twitter at IPO.
But the same could be said about many equally attractive biotech and internet-based prospects, SOME of whom went on to lose money for several years while being uber-profitable for investors long term.
Twitter growth did not hit a wall, expectations were too high. Twitter is not Nokia-on-windows; or vacuum tubes, or asbestos.
Lesson learned, time to sell to highest bidder, dust myself off, and tanks God for my (our!) health. |
| | Speculating in Takeover Targets | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: richardred who wrote (4268) | 9/25/2016 9:41:46 PM | | From: richardred | | | | Hinduja Global looks at acquisitions in US
21st September, 2016 | Online
Business Process Management (BPM) company Hinduja Global Solutions (HGS) is eyeing acquisitions in the healthcare and digital verticals as the company seeks to get back on the growth track.
While the company did not disclose the size of company it wants to acquire, Partha DeSarkar, Global CEO, HGS, said it will be looking at acquiring companies in the US. This comes on the back of an acquisition of Colibrium, an Atlanta-based company last year. Colibrium has software platform and servicing capabilities in the sales and enrolment area for the US and global health insurers.
One of the reasons for HGS to make an acquisition is to accelerate revenues and get access to clients.
“Our business was impacted by a Canada-based company and this hampered our operations there,” said DeSarkar, adding that after nine months, the deal has been restructured and things back on track. The company, however, as a policy does not disclose client details or size of the deal.
However, Ramkrishan P. Hinduja, Chairman, Hinduja Global Solutions and a graduate of the Wharton School of Business, said the new healthcare reforms in the US and a $160-billion business opportunity will drive growth of the company going forward. According to data, 41.8 per cent of its business comes from health insurance vertical and 65.8 per cent of revenues comes from the US.
The Bengaluru-based company had revenues of $500 million.
teamhgs.com |
| | Speculating in Takeover Targets | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| |
