Disney said to be considering Twitter takeover bid

Disney is considering a bid to buy Twitter, according to reports.

Jack Dorsey: Twitter CEO and Disney board member
Jack Dorsey: Twitter CEO and Disney board member

After Twitter was reported to have held discussions with Google and cloud computing company Salesforce last week about a possible takeover, Walt Disney Co is now working with a financial adviser to evaluate a possible bid, according to Bloomberg.

Rumours of a takeover have swelled in recent months as Twitter’s share price had fallen amid its difficulty in attracting new users and ad revenue. 

Jack Dorsey, Twitter’s chief executive, is on the Disney board

Twitter, which is worth around $16bn (£13.3bn), would presumably be Disney’s largest acquisition since it bought the ABC Television Group in 1996.

Neither Twitter nor Disney has responded to the claims.

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