Is Disney Buying Twitter?

According to Bloomberg report, Disney is looking to buy Twitter.

According to the Variety magazine:

Twitter has been struggling with its turn-around that was supposed to begin when its co-founder Jack Dorsey took over as the company’s permanent CEO a year ago. Despite building a solid advertising business, investors have been wary of the company’s growth issues; growth essentially came to a standstill last year, and has only been slowly recovering in recent months.

After the announcement, Twitter stock went up to $23. Other potential bidders are Google and Salesforce. Twitter board is reportedly looking for at least $30 billion. After the news broke about the potential Twitter sale, the company raised $3 billion within a week.

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