Disney, Microsoft among possible Twitter suitors: reports
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...