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Disney Said to be Considering Takeover Bid for Twitter

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Disney Said to be Considering Takeover Bid for Twitter

It seem the house of mouse wants to get their. Hands on one of the biggest social media networks in the the world.

Disney has had talks about a potential acquisition of Twitter this information has been confirmed by TechCrunch,Disney are said to be working with bankers now to determine whether the deal makes sense, multiple sources have reported

While some reports have suggested that Twitter could fetch $30 billion, we are hearing that the price tag is much lower. Twitter stock is currently trending upward on the news, and Disney’s downward. At the end of last week, Twitter’s market cap was below $13 billion on Thursday, before rumors of a possible Salesforce acquisition broke. Twitter’s market cap is now almost $20 billion, suggesting that investors believe it could optimistically fetch that price.

Disney, which owns media properties like ESPN and ABC, is hoping that the social media platform could amplify their reach. Twitter has also been dabbling in content partnerships, including one with the NFL. Successful implementation of these partnerships could also prove to be beneficial to a media conglomerate like Disney.

To be honest,Disney owning a platform such as Twitter would be an unwise move,For the main reason that Twitter will ruin the clean family image of Disney.,Twitter has a long
History for being a platform with very weak censorship.People can freely post whatever they please with no repercussions It’s a platform full of racism, pornography and Trolls and its just a risky move for Walt Disney Inc

Tawanda started writing about gadgets as a hobby, and before he knew it he was sharing his views on tech stuff with readers around the world. Whenever he's not writing about gadgets he miserably fails to stay away from them, although he desperately tries. But that's not necessarily a bad thing.

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