Disney Joins Google in Pulling Bid for Twitter

The Walt Disney Company will not be going ahead with a bid to acquire Twitter Inc. according Recode, citing sources. In a separate report, the publication said Alphabet Inc.’s Google has also dropped out as a suitor, while Apple Inc. was unlikely to make an offer either. Shares of Twitter fell 13.6% in premarket trading on Thursday, while Disney shares were unchanged. Shares of Salesforce.com rose 1.3%, as that company remains in the frame as a possible buyer for the social media company.

Google and Disney have not made any comments regarding this.

Author: Ray

I am a lifelong fan of everything Disney. My first trip to a a Disney park was to Disneyland as a child in 1970, but didn't make to Walt Disney World until I went with my wife and first child in 1990. A year doesn't go by with out at least one trip to either Disneyland or Walt Disney World. My wife and I are Disney Vacation Club members and also Charter Members of D23. View all posts by Ray