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The Walt Disney Company reportedly working with an adviser on potential Twitter bid

in Disney, Technology

The Walt Disney Company is apparently working with financial advisers to possibly put in a bid for Twitter Inc according to Bloomberg.

People familiar with the matter say that after receiving interest from Disney in discussing a deal, Twitter started the process to evaluate a potential sale. Twitter already has a connection to Disney as its chief executive officer, Jack Dorsey, is on the Disney board.

No official statement has been released by either Twitter or Disney.

Twitter has in recent months showed a slump in stock prices and a problem in attracting new advertising revenue, something the Disney company would be able to help with. After the news broke of Disney’s interest in Twitter Inc. their stock rose.

This story is developing. Please check back for further updates.

3 Comments

  1. EricJ

    Disney don’t usually…DO well with the Internet, when they try to do what everyone else does.
    Go.com was an early casualty of the Dot-Com bust, and they recently busted one or two other mobile-game companies they tried to acquire.

    Twitter’s too absorbed into our modern society for even Disney to kill it off by re-branding it, but you never know…

  2. Frostysnowman

    No one will want to use Twitter any more if Disney buys it. Don’t do it!

  3. Ken Hutchinson

    This could be a good marriage. Go.Com died because like most of the ,coms then it was badly run. Twitter’s issue is revenue from advertising. If Disney were to acquire Twitter and keep a hands off everything but fixing the revenue issue it could work for both. I agree with one of the above posters about Disney’s track record on companies it bought so far. Even today I am assuming that Disney’s web page is being run by 3rd party contractors because of the incredible lag from their servers and outright going down in recent months.

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