Twitter is moving closer to a potential sale, and has held discussions with suitors, including Alphabet Inc.'s (GOOG) Google and Salesforce.com Inc. (CRM), CNBC's David Faber reported Friday, citing people familiar with the matter.

Twitter shares rose more than 18% to $22.08 after news of the interest was reported by the financial network.

Other technology companies have expressed an interest in Twitter, but those were not identified in the CNBC report. A deal could materialize before the end of the year, Mr. Faber reported, citing a person familiar with the matter.

Full story at: www.cnbc.com/2016/09/23/twitter-may-receive-formal-bid-shortly-suitors-said-to-include-salesforce-and-google.html

Write to nymonitoring@dowjones.com

 

(END) Dow Jones Newswires

September 23, 2016 09:34 ET (13:34 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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