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Social network could be acquired by the Walt Disney Company - report
Twitter
The gist is that a Disney acquisition of Twitter could help the legacy media company increase its digital footprint.
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Today, 'insiders' reportedly told Bloomberg that the social media site could be acquired real soon by the Walt Disney Company.
Generally speaking, this seems like an odd match but there could be a fit: live streaming. Disney is a big investor in BAMtech, the company that powers livestreaming on Twitter.
The gist is that a Disney acquisition of Twitter could help the legacy media company increase its digital footprint. However, Twitter is worth an estimated $18 billion so this is no roadside deal.
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Twitter's stock has been enjoying a good run since all this sale talk began with possible suitors rumored to include Salesforce and Google.
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