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Twitter Shares Plunge On Report Bidders Are Scarce


Ron Burgundy
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People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in Warsaw(Reuters) - Twitter shares plunged on Thursday, a day after technology website Recode reported that Alphabet's Google and Disney would not bid for the social network and Apple was unlikely to be a suitor. Google was a likely contender for the microblogging service, Recode reported, but those familiar with the deal said the company was not moving forward with an effort to buy Twitter at this time. Twitter's shares fell as much as 19.2 percent to $20.10, valuing the company at about $14.2 billion.




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