On Monday, shares of struggling social media company Twitter Inc. are soaring, up over 6% in midday trading in response to Microsoft Corp. (MSFT Quick QuoteMSFT - Free Report) acquiring LinkedIn Corp. for $26.2 billion, representing an almost 50% premium to Friday’s closing price.

Microsoft CEO Satya Nadella said that “The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.”

This acquisition is fueling rumors that Twitter could be similarly bought out by a major technology corporation. Shares of Twitter are down almost 60% so far this year, and some believe its current valuation makes it an attractive buyout candidate.

Microsoft seemed to purchase LinkedIn for strategic reasons in order to improve its cloud business and compete with the likes of Amazons.com Inc. (AMZN Quick QuoteAMZN - Free Report) . Twitter, on the other hand, does not really offer anything special to potential buyers. Its anticipated turnaround has yet to happen, and the company will need to diversify its revenue stream and re-energize user growth for it to become a legitimate contender for acquisition.

Currently, Twitter sits at a #3 (Hold) on the Zacks Rank.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>