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Possible Sale Divides Twitter Founders (Report)

The prospect of a possible Twitter sale isn’t going over well with everyone at Twitter: The company’s two founders Evan Williams and Jack Dorsey, who has been Twitter’s CEO for a little over a year, are sharply divided over the company’s future, according to a Bloomberg report.

Dorsey wants the company to remain independent, according to Bloomberg, and is pushing to give it more time for a turn-around. Williams on the other hand is open to a sale. Possible suitors include Salesforce, Google parent Alphabet and Disney.

Twitter has reportedly hired Goldman Sachs and Allen & Co. to weigh any incoming bids. The company is now also looking for outside help to deal with the division at its helm, according to Bloomberg.

Dorsey’s and Williams’ contentious relationship has been well documented over the years. In fact, it’s even been the subject of a whole book, which may one day be turned into a movie. In short, both have long battled over influence and direction, with Williams at one point firing Dorsey, only to be ousted by Dorsey himself later. Then Dorsey was pushed out again. And now he is back, once again disagreeing with Williams.

But even without the personal drama, it’s far from certain that Twitter is going to get an offer that the company’s board is willing to accept. Recode reported last month that the board is looking to sell for $30 billion. Twitter’s stock has moved up a bit as a result of the ongoing chatter about a possible sale, but the company’s market cap is still at around $17 billion — and it’s unlikely that any of the current suitors would be willing, or able, to pay such a hefty premium.

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