Twitter
Two companies, Disney and Microsoft, have reportedly thrown their hats into the ring for the purchase of Twitter.

SAN FRANCISCO (Diya TV) — Social media giant Twitter expects to begin receiving acquisition bids this week, people familiar with the matter told the Wall Street Journal.

Among the likely bidders are Salesforce.com. The company’s chief executive, Marc Benioff, considers Twitter an “unpolished jewel,” according to the Journal’s report. Alphabet’s Google andWalt Disney may also bid for Twitter.

Twitter declined to provide comment to Diya TV on the story, and the company’s steep price tag — $20 billion or more — could serve as an extreme speed bump in the progress of any such transaction.

Driving interest in Twitter: Data, and reams of it. That data could help Salesforce improve its software that businesses use to manage customer relationships. For Google, Twitter could unlock a trove of data that has been walled off with the rise of Facebook, Twitter and Snapchat. Twitter founder Jack Dorsey returned to the helm last year to revive the social media company’s sagging fortunes. User growth and revenue have flattened, prompting Twitter to engage in talks with potential buyers.

Longtime investor Chris Sacca told Bloomberg TV on Tuesday that he’s disappointed in Dorsey and wants Twitter to sell itself. Sacca says he has sold much of his stake in Twitter.

“I’ve definitely sold some Twitter shares. I don’t own as many as I used to because I’m not an idiot, but I own more than I should because I’m an idiot,” Sacca said.

Twitter shares rose 4% in after-hours trading. They closed down 2% to $23.52 in regular trading Tuesday. Salesforce shares fell 1% in after-hours trading. They closed up 3% to $72.63 in regular trading.