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.