Twitter shares plunge as list of suitors shortens

Twitter shares plunged yesterday, a day after the technology website Recode reported that Alphabet’s Google and Disney would not bid for the social network and Apple was unlikely to be a suitor.

The company has requested binding acquisition bids within the next two weeks, Reuters had reported on Wednesday, and hopes to wrap up sale negotiations before the end of the month.

Google was a likely contender for the microblogging service, Recode reported, but those familiar with the deal said the company was not moving forward with an effort to buy Twitter at this time.