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IN Science & Technology ON 28 Sep, 2016
Walt Disney Co. emerged as an another potential bidder for Twitter Inc. It is a popular micro-blogging platform for daily happenings. Recently, Twitter had talks with Salesforce.com, according to the sources. Also, its sale will start in next 30 days. The stock market value of Twitter is approx $20 billion.
"The entertainment and media would join Salesforce.com Inc. CRM, -0.20% and Alphabet Inc. GOOGL, +1.01% GOOG, +1.14% as companies reported to be interested in acquiring Twitter's TWTR, +1.50%. Microsoft Corp. MSFT, +1.85% has since made its way into the conversation and Disney is also seeking to process the same."
Disney has acquired ESPN Network, ABC Entertainment, and many other significant networks. So yes, there is nothing new that it can own Twitter too. Read more here.
Disney also powered many spectacular animated series and Hollywood fiction movies. Snow White and the Seven Dwarfs, Mickey Mouse are the successful examples of it.
"On the surface, a deal makes no sense, but if you think streaming video is potentially disruptive to live sports, then there is a strategic case to be made." - Albert Fried & Co. analyst Richard Tullo.
According to some Wall Street analysts, because of the price the Disney is most likely to acquire Twitter as it is the most logical choice for them.
"We think Disney makes the most synergistic sense. The relationship is already incestuous with content deals between the two and Jack Dorsey's seat on Disney's board," Cakmak wrote in a note to clients.
"We've long argued a media company doesn't make sense to acquire Twitter, but we see Disney uniquely positioned to be the exception and keep the platform at arm's length with the ability to forge content deals with competing publishers."
Stay tuned for more updates.
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