"Around here, however, we don't look backwards for very long. We keep moving forward, opening up new doors and doing new things...and curiosity keeps leading us down new paths."
---Walter Elias Disney

Tuesday, September 27, 2016

33 Days: Disney Eyeing Twitter Acquisition

This just struck me as interesting given how much time I personally spend on DisTwitter now. Wouldn't it be funny if they actually owned Twitter?

The Walt Disney Company is among several looking to acquire Twitter. Microsoft is also apparently interested. Twitter has a market value of $16 billion, so it would be a deal nearly on a scale of the purchase of ABC. That's a lot of dough, even for Disney.

Disney is looking to shore up distribution outlets in a world where more and more people are "cutting the cord" with cable, and Twitter is trying to position itself as a content provider as well as social media outlet, so maybe there are some synergies (OOO, I used a fancy business word).

But I also read that a Twitter bosrd member is also on the Disneyboard, so it's not beyond the realm of possibility that this is a trial balloon meant to increase interest in and inflate the price of Twitter. We'll just have to see, I guess.

No comments:

Post a Comment