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:
Talk is Softbank for $TWTR
— dasan (@dasan) October 21, 2016
$TWTR - *Some Traders Attributing Spike Higher in Twitter Shares to Unconfirmed Report of Softbank Interest
— Quoth the Raven (@QTRResearch) October 21, 2016
Chatter then Softbank may be interested in $TWTR
— Open Outcrier (@OpenOutcrier) October 21, 2016
Here we go again? Another Twitter M&A rumor. For what it's worth, traders citing SoftBank this time. $TWTR up 5%. Be careful everybody!
— Paul R. La Monica (@LaMonicaBuzz) October 21, 2016
$TWTR rumor has legs. WSJ reported that Saudis are starting a $100bn tech fund with SoftBank AND Prince Al-Waleed already has a huge stake.
— O.B. (@JeffCNYC) October 21, 2016
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.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on CRM - FREE
Get the latest research report on DIS - FREE
Get the latest research report on SFTBY - FREE
Get the latest research report on GOOGL - FREE