Disney (DIS) Working with Adviser on Potential Twitter (TWTR) Bid - Bloomberg
(Updated - September 26, 2016 1:54 PM EDT)
Disney (NYSE: DIS) is working with a financial adviser to evaluate a possible bid for Twitter (NYSE: TWTR), according to Bloomberg, citing people familiar with the matter. The report said Twitter started a process to evaluate a potential sale after receiving inbound interest.
Sources also told Bloomberg that salesforce.com (NYSE: CRM) is working with Bank of America as it considers making an offer.
On Friday, reports surfaced that salesforce and Google (NASDAQ: GOOGL) were potentially interested in buying Twitter.
Notably, Twitter CEO and co-founder Jack Dorsey has been a director at Disney since 2013.