Twitter shares now up 1.6% to session high after report says The Walt Disney Co. is working with an adviser on a potential bid for $TWTR pic.twitter.com/I1Qycqu7b4
— CNBC Now (@CNBCnow) September 26, 2016
Walt Disney is said to be working with an adviser on a potential Twitterbid, according to a Bloomberg report on Monday, and the speculation sent the social network’s shares on an intra-day run.
In recent months, speculation that Twitter will be sold has gathered steam. Last week, sources told CNBC that several technology and media companies had expressed interest in acquiring Twitter, includingGoogle and Salesforce.com
Earlier in the day, Twitter’s stock was down 4 percent but turned positive after the news, with trading almost double its 30-day average volume. Meanwhile, Disney’s shares were down more than 1 percent after the news.
This story is developing. Please check back for further updates
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Jack Dorsey @jack has been a member of $DIS board since '13, so potential tie-up with Disney has more credibility.
— Jon Najarian (@jonnajarian) September 26, 2016
If you enjoy the content at iBankCoin, please follow us on TwitterTwitter would be extremely valuable for ESPN and ABC News operation, to put it mildly
— Downtown Josh Brown (@ReformedBroker) September 26, 2016
Sounds good for a Mickey Mouse operation
mickey is in divorce court wanting to divorce minnie
the judge says ‘mickey, I can’t grant this divorce because you told me your wife is crazy’
mickey says, ‘your honor, I didn’t say she was crazy, I said she was fucking Goofy’
lol
Makes the most sense to me. My brother who is also long in size, thinks it will be the death kneel to $TWTR. Regardless, I just want a nice fat premium.
Stop bragging about your brother who is long in size…
Would you be taken with exchanging hyperlinks?