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Saxo Bank head of equity Peter Garnry says that Google is likely to acquire Twitter by the end of this year.
Twitter has 350 millions users, but it has been a problem for the company to grow its user base. Nevertheless, Peter Garnry says that Twitter has managed to increase its cash flow profitability over the last 4-5 quarters and on a cashflow basis the company is improving rapidly.
Perter Garnry says that it has been difficult for Google to create a social media space stronghold and for that reason he thinks Twitter would be a good fit for Google.
01:44 minutes
Tags: acquisitions, google, linkedin, microsoft, peter garnry, saxotradergo, tradingfloor.com, twitter