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Disney is reportedly talking with bankers about acquiring Twitter

By Shawn Knight
Sep 27, 2016
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  1. There’s no shortage of companies with immense interest in acquiring Twitter. Names like Google, Salesforce, Verizon and Microsoft have all been mentioned as potential suitors in recent weeks. Now, we can add another big name to the growing list of those interested in scooping up the struggling microblogging platform.

    TechCrunch says it has confirmed that Disney has held talks with regard to acquiring Twitter. Specifically, Jack Dorsey and company are reportedly working with bankers to determine if buying makes financial sense. It certainly doesn’t hurt matters that Dorsey, who co-founded Twitter in 2006, serves on Disney’s Board of Directors.

    Although reports indicate that Twitter may be worth as much as $30 billion, the publication says the figure it is hearing is far lower.

    A social network may initially seem like an odd fit for Disney but the reality is, Disney already owns several major media properties including broadcast networks ABC, A&E and ESPN. Twitter, meanwhile, has been hammering out deals with large media companies in an effort to jumpstart stagnant growth and take advantage of declines in traditional pay-TV subscribers.

    If it happens, it’s almost a given that Disney would attempt to leverage the platform in hopes of becoming a real-time content tycoon.

    As of writing, share value in Disney is down while Twitter’s stock is trending upward.

    Permalink to story.

     
  2. davislane1

    davislane1 TS Evangelist Posts: 3,553   +2,359

    The only way to kill Twitter faster would be Disney ownership. They are the one company capable of implementing more restrictive and biased administration than Twitter and thinking it will positively impact growth.

    See: ESPN.
     
    Last edited: Sep 27, 2016
  3. Uncle Al

    Uncle Al TS Evangelist Posts: 1,673   +778

    Hi ho, Hi ho, into the dump they will go, go, go!!!
     
    BSim500 and H3llion like this.
  4. ArdvarkMaster

    ArdvarkMaster TS Member Posts: 17   +8

    So how many Americans does Disney plan on replacing with H1b visa holders @twitter?
     
    H3llion likes this.
  5. Lionvibez

    Lionvibez TS Evangelist Posts: 1,103   +346

    I hate twitter so I'm liking this Disney will destroy it with their BS.
     
  6. Theinsanegamer

    Theinsanegamer TS Guru Posts: 374   +329

    So will tweets now be copyrighted for 100 years after the tweeter has deleted their account now?
     
    Phr3d and davislane1 like this.
  7. oranuro

    oranuro TS Enthusiast Posts: 32

    OH god no no no, please no.
     

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