Salesforce still mulls bid for Twitter as shareholders resist: Report

The sources asked not to be identified because the deliberations are confidential. Salesforce declined to comment while Twitter, Google and Disney did not immediately respond to a request for comment. Reuters previously reported that Twitter aimed to conclude deliberations about selling itself by Oct. 27, when it reports its third-quarter earnings.

Salesforce.com, run by CEO Marc Benioff, is focused on cloud-based sales and marketing software. Unlike Twitter, its main product is aimed at business users, not consumers. Under Salesforce.com, Twitter could become a corporate tool used to power sentiment analysis and nurture customer relationships.

A potential acquisition of Twitter has weighed down Salesforce’s stock since news broke on Sept. 23 that it was vying for Twitter. Its shares rose as much as 7 percent on Monday after a weekend report by Bloomberg News suggested Salesforce was unlikely to make an offer.

Some analysts and investors have questioned why Salesforce would need to own Twitter, when it already licenses the Twitter “firehose” for its new artificial intelligence platform, Einstein.

Related: Twitter sale: Salesforce seen as the last potential bidder

At Salesforce’s annual client conference last week, Benioff said Salesforce considers buying many companies but maintains discipline, and wished Twitter CEO Jack Dorsey “well.” These comments tamped out expectations that Salesforce would be an aggressive bidder for Twitter.

Since its founding a decade ago, Twitter has struggled to generate revenue growth and profit, despite having some 313 million average monthly active users and a growing presence as a source of news.