You will be redirected back to your article in seconds

Disney Is Looking Into Buying Twitter (Report)

Disney is evaluating a possible bid for Twitter, according to a Bloomberg report. The mouse is working with a financial adviser to work the numbers, according to that report.

Twitter’s stock rose after Bloomberg published the news, with shares closing in on $23, a nine-month high. Disney’s shares on the other hand didn’t fare so well, and are down 1.73%, to trade at $91.66.

This comes as chatter is heating up that multiple companies are getting ready to bid on Twitter. Other potential bidders reportedly include Google and Salesforce.

Twitter has been struggling with its turn-around that was supposed to begin when its co-founder Jack Dorsey took over as the company’s permanent CEO a year ago. Despite building a solid advertising business, investors have been wary of the company’s growth issues; growth essentially came to a standstill last year, and has only been slowly recovering in recent months.

Disney would be in many ways an unlikely acquirer for Twitter, but that likely won’t stop the speculations around a possible deal, thanks to one key link: Dorsey has been on Disney’s board since 2013.

Complicating any deal is the fact that Twitter’s board is reportedly looking for a premium price tag for the company, asking potential acquirers to shell out at least $30 billion.

In many ways, reports like this one help Twitter to get closer to such a price tag: Twitter’s market capitalization has risen by close to $3 billion ever since talks about a possible acquisition heated up last week.

More Digital

  • Peter Hutton

    Facebook Recruits Eurosport Chief Peter Hutton to Lead Global Sports-Rights Deals

    Disney is evaluating a possible bid for Twitter, according to a Bloomberg report. The mouse is working with a financial adviser to work the numbers, according to that report. Twitter’s stock rose after Bloomberg published the news, with shares closing in on $23, a nine-month high. Disney’s shares on the other hand didn’t fare so […]

  • NBCUniversal Content Studio Plucks Peacock TV

    NBCUniversal Content Studio Plucks Peacock TV Talent for Branded Video

    Disney is evaluating a possible bid for Twitter, according to a Bloomberg report. The mouse is working with a financial adviser to work the numbers, according to that report. Twitter’s stock rose after Bloomberg published the news, with shares closing in on $23, a nine-month high. Disney’s shares on the other hand didn’t fare so […]

  • Wolves in the Walls VR Review

    VR Review: 'Wolves in the Walls'

    Disney is evaluating a possible bid for Twitter, according to a Bloomberg report. The mouse is working with a financial adviser to work the numbers, according to that report. Twitter’s stock rose after Bloomberg published the news, with shares closing in on $23, a nine-month high. Disney’s shares on the other hand didn’t fare so […]

  • Space Explorers

    Felix and Paul Debut 'Space Explorers' VR Documentary at Sundance

    Disney is evaluating a possible bid for Twitter, according to a Bloomberg report. The mouse is working with a financial adviser to work the numbers, according to that report. Twitter’s stock rose after Bloomberg published the news, with shares closing in on $23, a nine-month high. Disney’s shares on the other hand didn’t fare so […]

  • swint disney

    Disney Hires Apple Veteran to Launch Its Netflix Killer (EXCLUSIVE)

    Disney is evaluating a possible bid for Twitter, according to a Bloomberg report. The mouse is working with a financial adviser to work the numbers, according to that report. Twitter’s stock rose after Bloomberg published the news, with shares closing in on $23, a nine-month high. Disney’s shares on the other hand didn’t fare so […]

  • All Def - Brooke Goldstein, Chris

    All Def Media Taps Brooke Goldstein as COO, Ups Chris Blackwell and Scott Weintrob

    Disney is evaluating a possible bid for Twitter, according to a Bloomberg report. The mouse is working with a financial adviser to work the numbers, according to that report. Twitter’s stock rose after Bloomberg published the news, with shares closing in on $23, a nine-month high. Disney’s shares on the other hand didn’t fare so […]

  • Facebook Watch - TV Shows

    Facebook Watch a Hit? Study Finds 40% of Users Tune In to Video Weekly

    Disney is evaluating a possible bid for Twitter, according to a Bloomberg report. The mouse is working with a financial adviser to work the numbers, according to that report. Twitter’s stock rose after Bloomberg published the news, with shares closing in on $23, a nine-month high. Disney’s shares on the other hand didn’t fare so […]

More From Our Brands

Access exclusive content