Disney is the latest global conglomerate to throw its large-eared hat into the ring with a view to buying Twitter, according to reports.
Bloomberg sources say the iconic entertainment giant has acquired the services of a financial adviser ahead of a possible bid for the social network.
Following purchases of Marvel and Lucasfilm in recent years, Disney’s acquisition strategy has focused on the biggest studios in entertainment.
Related: Google Pixel phone
However, back in August, the company did buy a $1bn stake in MLB’s Advanced Message technology’s spin off, BAMTech, in order to boost ESPN’s video streaming capabilities, perhaps signaling its tech ambitions.
Google, Microsoft, Verizon and Salesforce are already rumoured to be interested in acquiring the publicly-traded company, according to reports late last week.
Twitter’s stock, up 21 per cent following Friday’s buyout rumours, jumped again as news of Disney’s interest broke.
It is thought Twitter CEO Jack Dorsey will consider entertaining bids soon. It appears they will not be in short supply.
Watch The Refresh: The best tech gossip and reviews every week
Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.