News Corp Denies Rumor of Bid to Take Over Twitter

Reuters: News Corp. said rumors about the company’s interest in buying microblogging site Twitter or building a stake in it were untrue. Twitter’s stock rose from a record low after unconfirmed chatter about News Corp.’s interest in the company circulated. The rumors intensified after a segment on CNBC. The social media site was evaluated as a takeover target because of the company’s shrinking stock price.