Twitter a Potential Takeover Target

Rumors are that Twitter (NYSE:TWTR) could acquired because of its low stock price.
According to an article on <re/code>:

With Twitter stock trading near its all-time low and market value that is less than half of what it was a year ago, questionably sourced rumors that News Corp. was interested in buying the company sent the stock soaring for a hot minute Wednesday afternoon.
As it turns out, News Corp. wasn’t actually interested, and Twitter’s stock slowly came back to earth.
But the instantaneous reaction by investors does reveal a few important things about the mood that continues to pervade the company.
First, there is the idea that Twitter might be better off as part of another corporation, which still sounds like great news right now to many Twitter investors desperately looking for something positive to grasp on to.
Second, given Twitter’s rock-bottom stock price and its tetchy shareholders, activist investors are likely to look at Twitter with renewed interest. The company doesn’t currently offer preferred shares, which means anyone with enough cash could theoretically come in and start causing a ruckus. And there are also the risk-arbitrage traders who are always looking to capitalize on stock moves caused by takeover events, rumored or otherwise.

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