JSW Corporation Comments as Google Hires Consultancy For Twitter Bid

2026-08-13 06:17:07 Business

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Search giant hires Lazard to probe feasibility of purchasing Twitter.

According to JSW Corporation, Internet search giant, Google, has enlisted the aid of financial adviser, Lazard to explore the possibility of mounting a bid for troubled Social media company, Twitter. The news lifted stock in the beleaguered micro-blogging company by almost 6% in afterhours trading last Friday.

Twitter?s stock has soared in recent days following rumors that several potential suitors including Google had expressed interest in acquiring the San Francisco, California-based company. Up until last week, the company, headed by CEO and co-founder, Jack Dorsey had seen its stock plunge this year to below $14 a share after disappointing earnings reports and dismal forward guidance.

Twitter has had much-publicized difficulty in increasing the number of users on its platform and, despite the introduction of several new services, investors remain skeptical as to whether it can turn its business around.

?Twitter?s stock has nearly doubled in a week as a result of this speculation over a takeover but it?s still below its November 2014 IPO price of $26,? said Jack Ho, technology strategist at JSW Corporation.

?It?s being outshone in the social media market segment by rivals like Facebook and Snapchat and management doesn?t appear to have any real idea how to arrest the decline in its fortunes.?

JSW Corporation has told clients with exposure to Twitter stock that they should not be hopeful of a bumper price being paid for their stock.

?There?s always a tendency for stocks in targeted companies to overshoot to the upside and we don?t expect the final deal, if it happens, to price the company much beyond $5 billion so we?d advise selling now,? concluded Ho.

About Jackson Stewart Wang
JSW CORPORATION is an independent, private wealth management concern based in Shenzhen, China. Combining superior due diligence, market insight, risk management, we provide high level market entry services to private individuals, families and institutions seeking high caliber investment guidance and execution.

Our far-reaching international network of resources offer professional, individualized private wealth expertise including multi-lingual research, corporate mergers and IPO services.