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.