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Tech

Salesforce still mulling Twitter bid: sources

Opening sequence

Opening sequence

Tech

Salesforce still mulling Twitter bid: sources

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COMING UP:Salesforce still mulling Twitter bid: sources

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Transcript

00:00:01
>> This man might be Twitter's last hope hope for a lifeline. Marc Benioff, CEO of cloud software powerhouse Salesforce. His investors not thrilled about his interests in buying the flailing social media company. But even as other possible bidders are hitting the road, among them Disney and Google, sources tell Reuters Benioff is still considering an offer, albeit a lowball one.
00:00:25
Reuters Deputy West Coast Bureau Chief Peter Henderson.>> Twitter shares fell 12% on Monday. Marc Benioff must be extremely happy with at least the prospects that there would be no one to make an offer to counter his. At that point, Twitter would have to either take what he offers or move on.
00:00:46
They could try and negotiate, but that is very difficult when there's only one company that wants to buy you.>> Meanwhile, CEO Jack Dorsey sent around a memo just last week to rally the troops inside Twitter on the first anniversary of his return to the helm, telling employees, quote, we can do this.
00:01:03
But there was no mention of acquisition talk, a possible confirmation that its prospects are falling apart. Slow user growth and a lack of clarity over revenue strategy have haunted Twitter. And based on Monday's share performance, it's quite possible company execs will have to resolve those questions on their own.