Social network could be acquired by the Walt Disney Company - report
The gist is that a Disney acquisition of Twitter could help the legacy media company increase its digital footprint.
Twitter
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.
ADVERTISEMENT
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.
Twitter's stock has been enjoying a good run since all this sale talk began with possible suitors rumored to include Salesforce and Google.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Canadian mayor praises Lagos under Tinubu at event honouring Peter Obi
Nigeria, UK’s trade relations currently worth £7bn – Envoy
Kogi residents score Gov Ododo high after 100 days in office
Shettima departs for 2024 US-Africa Business Summit in Dallas
Austria introduces DNA tests on relatives to curb family migration
FG building Lagos-Calabar road because of Tinubu, Chagoury business ties – Atiku
Russia sends new military equipment to Niger as relationship waxes strong
Parents, lecturers disagree over 18 years university admission age
Prince Harry, Meghan are in 'competition' over Nigeria
ADVERTISEMENT