New Twitter buyout rumor

With the fall out of possible Twitter Inc. buyout in recent days,  companies including Salesforce.com Inc., Walt Disney Co., and Google all reported to drop out.

Another rumor that a Chinese Internet company who is eager to enter the social media and US market is considering a bid for twitter at a very promising price. There are three large Chinese Internet companies, Tencent, Alibaba and Baidu. Considering a price close to the IPO price $26, only Alibaba and Tencent has the money to proceed the purchase.

Time will tell whether Twitter buyout is good or not for them. However, people do see the huge potential of Twitter during this election season. Donald Trump has 12 million followers and Hillary Clinton have 9 million followers.

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