New York: Last potential buyer Salesforce has decided not to make a bid to buy the struggling micro-blogging website Twitter.
Salesforce CEO Marc Benioff told the Financial Times that he has “walked away” from making a bid to buy Twitter. Earlier, Google, Apple and Walt Disney also decided not to bid for the website.
Twitter stocks declined to a great extent this week after Google and Walt Disney reportedly ruled out to acquire the struggling micro-blogging platform. Twitter is expected to announce its next quarterly earnings on October 27.
The acquisition of Twitter, struggling to add new users amid stalled growth, may cost over $20 billion. It currently has 313 million monthly active users.