There has been a lot of speculation about Twitter recently as multiple suitors are believed to be preparing bids for the public company. A lengthy report has been published by Bloomberg today which reveals that Twitter is locked in an internal battle over the sale as top executives are divided over how the company should proceed. Some are not even in favor of an acquisition and want Twitter to remain an independent company.
Three top leaders at the company are believed to be locked in this battle over Twitter’s future. Co-founder and board member Ev Williams is reportedly interested in selling while CEO Jack Dorsey is said to be against the idea of selling and wants Twitter to remain independent.
Anthony Noto who is officially the chief financial officer at the company is believed to have acquired de facto control of Twitter. It reportedly came to this following Dorsey’s passive management style which required Noto to step up to fill the void.
Noto is said to be the driving force behind Twitter’s recent push into live video. This also shows how Dorsey’s power as leader of the company has diminished and made its way to a subordinate.
The internal battle continues as multiple companies are said to be interested in acquiring Twitter. Potential suitors are said to include Disney, Google, and Salesforce. No formal bids have been made as yet which the company would be obligated to consider as it’s publicly listed, but it goes without saying that nobody is going to spend billions of dollars on a company that’s in disarray at the top level without asking them to get their act together first.
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