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Reports: Disney, Microsoft may bid for Twitter

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Twitter
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Two companies, Disney and Microsoft, have reportedly thrown their hats into the ring for the purchase of Twitter.

SAN FRANCISCO (Diya TV) — There now lies a possibility that two more heavy-hitters can be added to the sweepstakes in the purchase of social-media giant Twitter: Disney and Microsoft.

According to BloombergThe Walt Disney Company is working with a financial adviser to explore a bid for the social media company, which has already been the subject of separate acquisitions involving Google and Salesforce.

Twitter’s chief executive, Jack Dorsey, sits on the board of directors for the Walt Disney Company. Twitter declined to provide comment to Diya TV on the report.

Additionally, CNBC are reporting that Microsoft could possibly be preparing for a bid of their own. Along with confirming Disney’s interest, CNBC says one company likely to pass on a deal is Facebook. A deal could happen in the next “30 to 45 days,” says CNBC.

Microsoft is already coming off its largest-ever acquisition, the tech giant three months ago agreed to acquire the professional networking company LinkedIn for $26 billion and change. The deal is scheduled to close later this calendar year.

Twitter is reportedly seeking an acquisition deal that would value them at $30 billion. Since Friday, shares have jumped more than 20 percent. Disney shares are down 1.3 percent. The company has faced a dilemma of generating revenue and boosting its user base while fellow social media companies such as Facebook and Snapchat continue soaring. During the second quarter, Twitter revenue was up 20 percent, the smallest percentage gain since going public. Meanwhile, Twitter reported 313 million monthly active users, up three percent.

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New Zealand eliminates India in cricket World Cup

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New Zealand wins Cricket

MANCHESTER, England (Diya TV) — After a rain delay stopped play between New Zealand and India, when play resumed, the Kiwis held on to win by 18 runs, knocking India out of the Cricket World Cup. It’s on to the championship round for New Zealand.

The United States Immigration and Customs Enforcement (ICE) raided an Indian restaurant in Washington DC, detaining several employees.

Airbnb, the Silicon Valley couchsurfing startup turned hospitality behemoth, says they made a direct economic impact of around $150 million in India in 2018.

Indian Airbnb hosts collectively made almost $28 million and welcomed nearly 800,000 guests last year. 

Chennai-based speech recognition startup, Uniphore Software Systems, raised $38 million as part of its Series C round. They’ve received funding from California venture capital firm March Capital Partners and former Cisco CEO John Chambers. 

And Indo-Australian Priya Serrao was crowned Miss Universe Australia 2019.

The 26-year-old policy advisor from the state of Victoria said she will use her new platform to promote multiculturalism. 

Ravi Kapur contributed to this report.

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Trump says tariffs by India are ‘No longer acceptable’

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Tariffs no longer acceptable

WASHINGTON (Diya TV) — In a tweet, President Trump targeted India once again, saying “India has long had a field day putting Tariffs on American products. No longer acceptable.”

Yet earlier this year, the Trump administration stripped India of a preferential status that exempted billions of dollars worth of products from U.S. levies.

One of the most unique characters ever to run for President has died. Billionaire businessman Ross Perot was 89. Many give his independent campaign in 1992 credit for helping Bill Clinton beat incumbent George H.W. Bush.

A day after Democratic Congressman Eric Swalwell got out of the race, another billionaire businessman, Tom Steyer, jumped into the Presidential fray.

India’s OlaCabs recently launched its ride-sharing services in London. And now Ola Electric, their electric vehicle spinoff, just raised a $250 million Series B round at a $1 billion valuation. It plans to bring 10,000 vehicles to the road this year.

And the world will have to wait another day to find out who will play for the Cricket World Cup, after a rain delay stopped play between New Zealand and India.

Ravi Kapur contributed to this report.

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Trump meets Modi & Abe in Japan

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OSAKA, Japan (Diya TV) — President Donald Trump held a trilateral meeting with Indian Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe. According to Ivanka Trump, the conversation encompassed 5G technology, working through details on trade and ongoing national security interests for each party.

From Japan, President Trump went to South Korea and entered the demilitarized zone between South Korea and North Korea. He then walked into North Korea to meet with Chairman Kim Jong Un, becoming the first sitting President to ever to enter North Korea.

Silicon Valley startup Fungible announced they’ve raised $200 million from a group of investors including Softbank, taking their total raise to $300 million. A leader in data-centric computing, Fungible is led by CEO Pradeep Sindhu, who previously founded Juniper Networks.

The NBA free agency signing period kicked off with a bombshell: Kevin Durant is leaving behind the team he won two championships with, The Golden State Warriors, for the upstart Brooklyn Nets. Kyrie Irving will join him there. The Warriors traded for the Nets player most impacted by those deals, D’Angelo Russell.

And England beat India by 31 runs in the Cricket World Cup, giving Team India its first loss of the Cup. India will face Bangladesh next.

Ravi Kapur contributed to this report.

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