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Breaking News from CNBC's Melissa Lee: Twitter Interested in Shots App - Source

WHEN: Today, Tuesday, November 25th

WHERE: CNBC's "Fast Money"

Following is the unofficial transcript of breaking news from CNBC's Melissa Lee.

All references must be sourced to CNBC.

MELISSA LEE: WE START OFF WITH BREAKING NEWS ON THE POSSIBLE TWITTER ACQUISITON ON A DAY OF FRENZIED SPECULATION ABOUT WHAT TWITTER MAY BUY. WE HAVE LEARNED THAT TWITTER MAY BE TARGETING SHOTS, THE JUSTIN BIEBER-BACKED SELFIE APP RUN BY THE SO-CALLED KING OF TWITTER HIIMSELF, JOHN SHAHIDI. A SOURCE CLOSE TO THE COMPANY TELLS US THAT TWITTER HAS IN FACT ENGAGED IN TALKS WITH SHOTS, AND THAT THE INTEREST CENTERS AROUND THE HIGH ENGAGEMENT OF YOUNG MILLENNIALS ON SHOTS, SPECIFICALLY 13 TO 18 YEAR OLDS. RIGHT NOW, SHOTS HAS MORE THAN 3 MILLION USERS. NEARLY TWO-THIRDS OF THEM FEMALES UNDER THE AGE OF 24. THE SOURCE SAYS THE NUMBER OF YOUNG INFLUENCERS ON THE APP LIKE VINE STARS AND UP AND COMING CELEBRITIES ARE PART OF THE DRAW FOR TWITTER. NOW SPECULATIONS SPIKED TODAY ABOUT TWITTER'S M&A PLANS WHEN CFO ANTHONY NOTO SENT OUT THIS TWEET LAST NIGHT. "I STILL THINK WE SHOULD BUY THEM. HE IS ON YOUR SCHEDULE FOR DECEMBER 15 OR 16 – WE WILL NEED TO SELL HIM. I HAVE A PLAN." OF COURSE, WE DON'T KNOW WHO THAT HIM OR HE IS. HE THEN QUICKLY DELETED THAT TWEET. NOW, SHOTS WAS NAMED AS ONE OF THE SIX COMPANIES TWITTER MAY LOOK TO BUY IN A RE/CODE ARTICLE TODAY. I THINK WHAT IS MOST TELLING THOUGH HERE IN THE DAY IS A MOVE IN TWITTER'S STOCK, WHICH WAS DOWN BY ONE PERCENT OR MORE OVER THE COURSE OF THE DAY.

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