With Twitter’s stock slumping and company leadership departing, there is speculation that the company could be ripe for acquisition by another Internet giant.
“Sometimes a dip in trading price of a stock can be a triggering event for deeper M&A discussions,” said Ted Hollifield, partner in Alston & Bird’s Corporate & Finance Group and head of the firm’s Silicon Valley office.
“If you were to go down a list of large tech companies with big cash piles, many of those names would make a lot of sense to at least have casual engagement with Twitter now,” added Hollifield, who holds Twitter stock personally.
“Sometimes a dip in trading price of a stock can be a triggering event for deeper M&A discussions,” said Ted Hollifield, partner in Alston & Bird’s Corporate & Finance Group and head of the firm’s Silicon Valley office.
“If you were to go down a list of large tech companies with big cash piles, many of those names would make a lot of sense to at least have casual engagement with Twitter now,” added Hollifield, who holds Twitter stock personally.