Bloomberg: ‘Disney Is Working With an Adviser on Potential Twitter Bid’

Alex Sherman and Sarah Frier, reporting for Bloomberg:

The Walt Disney Co. is working with a financial adviser to evaluate a possible bid for Twitter Inc., according to people familiar with the matter. After receiving interest in discussing a deal, Twitter has started a process to evaluate a potential sale. Inc. is also considering a bid, working with Bank of America on the process, according to other people, who declined to be named because the matter is private.

Nick Bilton, on Twitter:

From (high-up) people I’ve spoken to internally at Twitter, I’ve always heard Disney is the dream suitor.

Don’t think of Disney as the Mickey Mouse/theme park company. Think of Disney as the media conglomerate that owns ESPN and ABC and which just acquired a 33 percent stake streaming media giant BAMTech. Twitter is a media company and a publishing service, not a social network.

Monday, 26 September 2016