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Bloomberg

Report: Disney Mulls Bid for Twitter

Sep 26, 2016  •  Post A Comment

“The Walt Disney Co. is working with a financial adviser to evaluate a possible bid for Twitter Inc., according to people familiar with the matter,” reports Bloomberg.

The story continues, “After receiving interest in discussing a deal, Twitter has started a process to evaluate a potential sale. Salesforce.com Inc. is also considering a bid, working with Bank of America on the process, according to other people, who declined to be named because the matter is private.”

Bloomberg also notes, “Disney, if it decides to make a bid, would be able to help the company further its video-streaming media strategy. Jack Dorsey, chief executive officer of Twitter, is also on the board of Disney.”

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One Comment

  1. This site now takes forever to load with the commercial for CBS syndication…

    Can anyone say, “conflict of interest” with the owner of Twitter sitting on the board of the company that may purchase his company?

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