Monday 26 September 2016

Disney is also thinking about buying Twitter

Disney is the latest high-profile name to consider an acquisition offer for Twitter, according to a report today from Bloomberg. While a formal bid has not been placed, Bloomberg says Disney is working with Bank of America to put one together. Just last week, various reports stated Google, Salesforce.com, and Verizon were all interested in potentially placing offers. TechCrunch has also independently confirmed Disney's interest in placing a bid for Twitter.

A Disney deal would make sense. The company has a history of investing in digital media properties including Hulu, Vice, and streaming service provider BAMTech, which provides the technical backbone to products like HBO Now. Despite its film pedigree, Disney's biggest business...

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