Tuesday, 27 September 2016

Is Disney set to buy Twitter? Firm joins race for ailing social network.

Jack Dorsey is on the entertainment colossus's board
Google and Salesforce were also considered prime suitors.



The Walt Disney Company is evaluating a potential bid for Twitter, Bloomberg reported on Monday, citing people familiar with the matter.

Unconfirmed reports that Twitter is interested in selling itself buoyed the San Francisco-based company's shares at the end of last week, and the stock price rose around a percentage point on Monday as talk of Disney's interest spread.

Twitter co-founder and chief executive Jack Dorsey is on the entertainment colossus's board, which could help the service with its push toward using the messaging platform for streaming live video.

Twitter will be among the online media broadcasting the first US presidential debate between the Democratic and Republican candidates Monday night.



Disney did not respond to an AFP request for comment.

Chatter about a possible Twitter sale has intensified amid sputtering efforts to transform the one-to-many messaging platform into a profitable business.

Google and Salesforce were considered prime suitors.

Microsoft and Verizon were also on the list of potential buyers.

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