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Is a Former Microsoft CEO and a Saudi Prince Interested in Buying Twitter?

August 3, 2016

Twitter shares are up in response to a rumor that billionaire investors are considering an acquisition of the platform.

The company’s stock rose 7% amid the rumor. The investors are rumored to be Steve Ballmer, who owns a stake in Twitter, and Saudi Prince Al-waleed Bin-Talal, but neither are commenting on the speculation.

Twitter Shares Slip as Quarterly Report Disappoints Investors Once Again

Analysts say the transaction is highly unlikely, however. Twitter says it is not for sale, despite struggles.

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