Two companies, Disney and Microsoft, have reportedly thrown their hats into the ring for the purchase of Twitter.
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 Bloomberg, The 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.
BREAKING: Microsoft seen as possible Twitter bidder, Disney also looking; Facebook not likely interested; sale seen accelerating – sources
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.
