Silver Lake is apparently not interested in buying ‘even a slice’ of Twitter

Jack Dorsey
Twitter CEO Jack Dorsey Kimberly White/Getty Images for Vanity Fair

Private equity firm Silver Lake Partners is not interested in a Twitter deal, according to Fortune.

Silver Lake was reported to have “considered” teaming up with venture capitalist Marc Andreessen for some kind of a deal to acquire Twitter, in a report on Sunday by The Information. The report sent Twitter’s shares popping as much as 12% at one point in Monday trading.

The original report said it was unclear if any deal talks were currently active, but noted that one possible scenario would involve a PIPE deal, in which private investors acquire a slice of a publicly held company, like Twitter.

But according to Fortune, which cites an anonymous source, Silver Lake has no interest in acquiring “even a slice” of Twitter.

Twitter’s stock is down more than 66% from its 52-week high, as the company struggles to boost its user growth. The company’s declining stock has sparked speculation that it could become a takeover target.

NOW WATCH: This is what your phone looks like when you have 8 million Instagram followers