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Twitter Stock Soaring on SoftBank Takeover Chatter

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Shares of Twitter soared over 8% in late afternoon trading thanks to renewed buyout chatter across the internet. The latest potential suitor for the struggling social media site is none other than Japanese telecom giant SoftBank (SFTBY - Free Report) .

For now, the chatter remains nothing more than unsubstantiated rumors, but that’s seemingly all it takes to send Twitter investors into a frenzy these days. Ironically, the latest news on Twitter’s potential sale always seems to break on Twitter itself:

SoftBank is headquartered in Tokyo and currently has operations in broadband, fixed-line telecommunications, e-commerce, internet and technology services, marketing, and semiconductor design, among other ventures.

The company joins a long list of businesses that have been linked to Twitter over the past few months. Over the last week or two, Twitter takeover talks have cooled off after reports suggested that Disney (DIS - Free Report) , Salesforce (CRM - Free Report) , and Alphabet (GOOGL - Free Report) were unlikely to pursue bids.

What do you think about SoftBank as a potential Twitter buyer? Join the conversation with ZacksResearch on StockTwits and Twitter.

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