Twitter Shares Up 21% on Possible Deal

 

Shares in Twitter soared 21.42% on Friday after news of a potential buyout deal was reported by CNBC.

Twitter stock closed Friday at $22.62, up $3.99. Possible suitors for the company include Google and Salesforce.com.

Twitter is known for its free service where members send out tweets in 140 characters or less. Presidential candidate Donald Trump is a big user of the service and used by many celebrities and public figures.

The San Francisco company has been trying to expand into video streaming, making deals this year to stream NFL Thursday night games and deals with the Pac-12 Network, CBS and Bloomberg.

CNBC reports that Twitter may sell for $26 per share which would be its IPO price from November 2013.