The speculation on Twitter’s future just won’t stop. A couple of weeks ago it was said that big companies like Google, Salesforce, and Disney were considering an acquisition of Twitter. The microblogging company’s stock surged following these reports only to crash after it was reported that all of them had dropped their bids. Something similar is happening as it has once again been reported that Disney is still looking into a possible acquisition of Twitter.
According to the report, Disney has “rekindled interest” in a possible acquisition and that the two companies are “now thrashing out a deal after agreeing on a price – thought to be in the high 20s per share – at the back end of last week.”
Disney and Twitter both declined to comment on this report so there’s no official word yet about whether they’re even talking about a potential sale. Twitter’s investors are still holding out for a deal which is one of the reasons why we see the company’s stock pop whenever there’s even speculation that a deal might be possible.
It’s worth mentioning here that nothing concrete has surfaced so far to suggest that Disney is really pursuing a deal with Twitter. What we’re seeing right is just speculation and we tend to get a lot of that when there’s expectation of a deal involving two publicly traded companies. So if I were you, I’d wait and see if there’s more evidence to suggest that Twitter might finally be bought by someone.