Twitter (TWTR) Gains as Disney Investment Values BAMTech at $3B

August 10, 2016 11:07 AM EDT

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Gains in Twitter (NYSE: TWTR) shares Wednesday are in part seen tied to Walt Disney's $1 billion investment in BAMTech for a 33% stake. The investment values BAMTech at $3 billion, versus ~$13 billion for Twitter.

Formed by MLB, BAMTech is a leading technology services and video streaming company. Twitter has its own video streaming technology, including Periscope and Vine.

Share of TWTR are up 2.4%.

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