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.
Salesforce.com 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