Disney reportedly considering bid to buy Twitter


The Walt Disney Co. is exploring the idea of bidding on Twitter, people close to the matter told The Wall Street Journal Monday.
Twitter has also held preliminary talks with Salesforce.com Inc, but they are in the very early stages, and there is no guarantee either company will buy the struggling social media service. The number of Twitter users is growing slowly, as is revenue, and senior executives continue to leave. The company has a stock market value of close to $20 billion, with shares rising 3.3 percent to $23.37 on Monday.
Disney has recently invested in Hulu and Vice, and in August, spent $1 billion for a 33 percent stake in BAMTech, which Twitter uses to livestream sporting events. Twitter CEO Jack Dorsey is also on the board of The Walt Disney Company, and views Disney Chief Executive Robert Iger as a mentor, WSJ reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
Christian extremism: Taking 'holy war' literally
Feature A self-proclaimed minister shot two lawmakers and kept a 'kill list' targeting Democratic officials and abortion providers
-
Iran: Is regime change possible?
Feature The U.S.-Israeli attack exposed cracks in Iran's regime
-
What to know about private equity in your 401(k)
the explainer BlackRock is making private investments available in employer-sponsored retirement plans
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off