Report : Twitter May Consider Divestitures While Focusing On Live Video

(RTTNews) - Twitter Inc. (TWTR) will need to rely more heavily on its live video streaming strategy after top potential bidders were said to have lost interest in making offers amid pressure from their investors. Twitter has considered other solutions, such as divestitures of assets not central to its business, Bloomberg reported citing people familiar with the matter.

Twitter once saw interest from Alphabet Inc.'s Google, Salesforce.com Inc. and Walt Disney Co., all of which consulted with banks on whether to acquire the social-media company. Now all of those suitors are unlikely to make a bid. On Friday, Twitter had planned to have a board meeting with outside advisers on a sale but canceled, one of the report said.