Twitter shares tumble 12% as early bid deal cools

Twitter shares fell 12% yesterday after potential bidders were said to have lost interest in making offers to buy the company.

The social media company had attracted interest in recent weeks from Alphabet’s Google, Salesforce.com, and Walt Disney, all of which had consulted with banks on whether to pursue a bid.

Now all of those suitors are unlikely to make an offer, according to people familiar with the matter.