Disney, Microsoft among possible Twitter suitors: reports

Mon Sep 26, 2016 8:52pm EDT
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(Reuters) - Walt Disney Co (DIS.N: Quote) and Microsoft Corp (MSFT.O: Quote) joined a list of potential suitors for Twitter Inc (TWTR.N: Quote), according to media reports on Monday.

Twitter shares were marginally down at $23.33 in after-market trading.

The microblogging service has reportedly started talks with a number of technology companies to sell itself, including Google parent Alphabet Inc (GOOGL.O: Quote) and may receive a formal bid soon. A source told Reuters that Salesforce.com Inc (CRM.N: Quote) is also in pursuit.

Salesforce is working with Bank of America on a potential bid, a Bloomberg report on Monday said. (bloom.bg/2d0WfLi)

Walt Disney is also working with a financial adviser to evaluate a possible bid for Twitter, Bloomberg reported, citing people familiar with the matter. (bloom.bg/2d0WfLi)

Jack Dorsey, who returned to Twitter as chief executive more than a year ago, has been a part of Disney's board since 2013.

Microsoft is also among the list of potential suitors, although Facebook Inc (FB.O: Quote) is not likely to have an interest in the social network, CNBC said, citing sources, following the Bloomberg report. (cnb.cx/2d4j924)

A sale could occur in the next 30 to 45 days, CNBC reported.

"At this moment, Microsoft has nothing to share," said a spokeswoman for the company.   Continued...

A 3D-printed logo for Twitter is seen in this picture illustration made in Zenica, Bosnia and Herzegovina on January 26, 2016.  REUTERS/Dado Ruvic/Illustration/File Photo