Thursday, October 6, 2016

Report: Disney Will Not Bid On Twitter

A report, published late Wednesday evening, says that Burbank-based Walt Disney Co. will not make a bid for Twitter, which reportedly has been looking to sell the company. Recode--quoting "sources familiar with Disney" said that Disney has decided not to move forward with a bid. Disney had been reported to be looking at Twitter in September. Salesforce.com has been named as the most probably buyer for Twitter, which appears to have been running an investment banking process in its attempt to find a buyer.

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