Disney Considers Buying Twitter? Here’s What Analysts SayBy Sarene Mae Butao, UniversityHerald Reporter
The social media platform, Twitter, is reportedly talking about business together with some big internet companies such as Google and Salesforce. Microsoft, the tech giant, is also rumored to be included as a potential suitor for buying Twitter. Disney, also aims to buy Twitter.
International entertainment and media giant Walt Disney Co. has surfaced out as one of the competitors included in the running towards buying the famous social media platform Twitter, according to the Wall Street Journal. However, negotiations as of the moment are young and there is no certainty whether Twitter gets sold instantly.
The potential bidders are currently talking with their financial advisers to further create checks and balances in bidding for the microblogging platform, reports coming from unnamed sources circulating the web as of the moment. Other than Disney and Microsoft, Facebook is not likely to participate in the bid for the microblogging network. The company's decision of getting Twitter sold can be sourced out from the social media network's stationary growth, failing to extract revenue from its 300 million subscribers worldwide, CBNC reported.
Possibilities of the company's acquisition are expected to happen fast, with reports saying that the next few months might have great news to offer. Buying Twitter could be a palatable move coming from Disney, but some analysts said that it may not be the best idea.
Analysts capitalize on the idea that Twitter is a very expensive stock on virtually all aspects. Twitter shares increased for more than three percent on Monday after a big jump of 21% last Friday, following the news of a likely sale. Disney's stocks decreased by 1.4 percent after the news about Twitter's sale exploded, together with reports saying that the company is eyeing for the shares of the social media platform.