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| Twtitter shares tumble as Salesforce rules out bid | Twtitter shares tumble as Salesforce rules out bid |
| (35 minutes later) | |
| Shares in Twitter have dropped 7% after Salesforce chief executive Marc Benioff said his firm would not bid for the social media website. | |
| Mr Benioff told the Financial Times his firm had "walked away" from any potential deal. | Mr Benioff told the Financial Times his firm had "walked away" from any potential deal. |
| Google, Apple and Walt Disney also reportedly considered - and then rejected - bidding. | Google, Apple and Walt Disney also reportedly considered - and then rejected - bidding. |
| Cloud software company Salesforce had been thought to be the most likely buyer of the business. | Cloud software company Salesforce had been thought to be the most likely buyer of the business. |
| Twitter's shares fell about 7% to $16.60, while those of Salesforce rose more than 6% to about $74. | Twitter's shares fell about 7% to $16.60, while those of Salesforce rose more than 6% to about $74. |
| Last month, Twitter's shares soared by 20% after a report said it had received takeover approaches, and that its directors were open to a deal, which could come by the end of the year. | Last month, Twitter's shares soared by 20% after a report said it had received takeover approaches, and that its directors were open to a deal, which could come by the end of the year. |
| Twitter had been the subject of takeover rumours prior to that, but was getting closer to a sale, US business news channel CNBC reported. | Twitter had been the subject of takeover rumours prior to that, but was getting closer to a sale, US business news channel CNBC reported. |