Manchester United Up 30% On Rumored Takeover Bid By Sheikh Jassim
@Tiger_story:
Shares of Manchester United surged up to 30% in premarket trading on the acquisition news. The stock closed up 13.76% at $22.9. Sale rumor from Twitter drove $Manchester United PLC(MANU)$ shares upAccording to Qatar's Al-Watan newspaper, Sheikh Jassim, the son of the country's former prime minister, is expected to be announced as the preferred bidder for the club. The reports seem to have originated from a Twitter account in Wales with a small number of followers.The Athletic, a sports media outlet owned by The New York Times, reported that Qatari media picked up on the rumor from the Welsh Twitter account.A spokesperson for Manchester United declined to comment on the matter. Manchester United's stock has risen approximately 74% in the past year.