Twitter stock was suffering Monday after a downgrade from Oppenheimer, but jumped from a loss of more than 3% to a gain of about 1% after the report hit; Disney shares immediately fell from more than $92 to less than $91.50.
The information comes from Bloomberg, which cites unnamed sources.The financial adviser hired by Disney and CEO Bob Iger is analyzing what Twitter could do for the company. It was stated last week by CNBC that Google, Salesforce, Microsoft, and Verizon are heavily interested in buying Twitter. As a result, shares of Twitter soared roughly 20% higher on the news. If things go according to plan, Iger will be adding Twitter to his list of acquisitions, and Twitter will be the happiest social media platform on Earth. Meanwhile, in the same quarter they reported 313 million monthly active users, which was only a 3 percent increase.
"For Disney we think the pros and cons of an acquisition depend upon the vision for how Twitter would fit". Twitter is said to be entertaining a $30 billion asking price.
Twitter has spent much of its time and resources recently signing deals with video providers such as the National Football League and Bloomberg to stream live content, including Monday's presidential debates (which will also appear on Time Inc. websites including Time and Fortune, as part of a deal with Twitter).
Despite building a solid advertising business, investors have been wary of the company's growth problems.
Disney would be in many ways an unlikely acquirer for Twitter, but that likely won't stop the speculations around a possible deal, thanks to one key link: Dorsey has been on Disney's board since 2013. The company has already invested in Hulu, digital media company Vice, and BAMTech, which allows Disney to offer an ESPN product to cord cutters. Source: http://gazetteunion.com/
|
