Twitter’s shares have risen on rumours that it is fitting viewed as an acquisition target,as unconfirmed chatter about News Corp interest circulatedRupert Murdoch’s News Corp said rumors about the company’s interest in buying microblogging site Twitter or building a stake in it were unfaithful.
Twitter’s shares, which rose as much as 14%, and pared some gains and were up 5.2% at $17.55 in late afternoon trading. The rumors had lifted the stock from a record low.
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Source: theguardian.com