News Disney Exploring Possible Purchase of Twitter

Discussion in 'The Howard Stern Show' started by buried20kleague, Sep 26, 2016.

  1. buried20kleague

    buried20kleague Well-Known Member VIP

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    http://www.bloomberg.com/news/artic...working-with-adviser-on-potential-twitter-bid

    Walt Disney Co. is working with a financial adviser to evaluate a possible bid for Twitter Inc., according to people familiar with the matter.

    After receiving interest in discussing a deal, Twitter has started a process to evaluate a potential sale. Salesforce.com Inc. is alsoconsidering a bid and is working with Bank of America on the process, according to other people, who asked not to be named because the matter is private.

    Representatives for Twitter and Disney didn’t respond to requests for comment.


    Speculation that Twitter will be sold has been gathering steam in recent months, including last week’s news of Salesforce’s interest, given the social-media company’s slumping stock and difficulties in attracting new users and advertising revenue. Disney, the owner of ABC and ESPN, could obtain a new online outlet for entertainment, sports and news. Jack Dorsey, chief executive officer of Twitter, is on the board of Disney.

    Twitter rose as much as 2.1 percent to $23.09 after being down earlier. The stock soared 21 percent on Sept. 23 following reports of the talks with Salesforce. Disney fell, dropping as much as 2 percent to $91.40.

    “It’s a video distribution play,” said James Cakmak, an analyst at Monness Crespi Hardt & Co. “What Disney has to think about is what is its place in a post cord-cutting world. They are investing in technology for distribution -- and this would give them the platform to reach audiences around the world.”

    Strategic Thinker
    Disney Chairman and Chief Executive Officer Bob Iger has a reputation as a strategic thinker with an appetite for bold bets, such as the $7.4 billion acquisition of animation studio Pixar in 2006, just months after he became CEO.

    With Disney’s largest business -- cable TV -- losing viewers and facing more competition from online video services, Iger has invested in technology-related media businesses, including the Hulu video streaming service, digital media company Vice and Major League Baseball’s BAMTech, which provides the platform for online video services such as HBO Now. Twitter has also partnered with with BAMTech for its live streaming.


    Iger has sought to increase Disney’s new media expertise, adding Dorsey and Facebook Inc. Chief Operating Officer Sheryl Sandberg to his board in recent years.

    Old Media
    Still, the track record for old media businesses investing in technology companies isn’t great, Disney included. The world’s largest entertainment company lost hundreds of millions of dollars in its interactive unit in recent years. This year it decided to exit video-game production almost entirely in favor of a licensing strategy.

    While Disney’s balance sheet is among the strongest in the media industry, Twitter, with a market value of $16 billion, would be the company’s largest acquisition since the $19 billion merger with Capital Cities/ABC Inc. in 1996.

    A union with Twitter would give Disney much larger exposure to the ad dollars that are increasingly flowing to social media sites, according Paul Sweeney, Bloomberg Intelligence analyst.

    “Twitter may give them an opportunity to communicate directly with their customers in an increasingly fragmented media landscape,” he said.

    Iger has long been a mentor of Dorsey, and Twitter’s executives are admirers of his strategy. Earlier this year Iger spoke at a meeting of Twitter’s senior management.

    “He talked about his transformation of Disney,” Dorsey said in a March interview. “They were at the bottom and he brought a strong optimism. He focused on creativity and excellence. And he made some bold moves. It’s resonated very well with folks. It’s what we needed to hear.”
     
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  2. BleedingGums

    BleedingGums Fesh Fox Faggot VIP

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    oh
     
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  3. BrulesRules

    BrulesRules Just grab 'em in the biscuits VIP

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    Didn't they make a killing on the Star Wars investment already?
     
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  4. Mojopin

    Mojopin Resplendent in his frock VIP

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    No more titties.
     
  5. DrSublux

    DrSublux Who am dis VIP

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    They did good with ESPN what harm could it do :dontknow:


    Oh wait Disney turned them into faggots too :facepalm:
     
  6. Sea Slob

    Sea Slob Well-Known Member

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    There goes the selfie crotch shots of teenage girls :down:
     
  7. DiamondGoddess

    DiamondGoddess Born Ready for My Close-Up! DawgShed News Gold

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    No more Dik Report!!!

    :bigcry:
     
  8. Sea Slob

    Sea Slob Well-Known Member

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    This actually does interest me because I bought some twitter stock when it was way low :cheer2:
     
  9. Mojopin

    Mojopin Resplendent in his frock VIP

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    What's that?
     
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  10. DiamondGoddess

    DiamondGoddess Born Ready for My Close-Up! DawgShed News Gold

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    A report on the size of men's dix.

    (Like Jon Hamm is packin' a Hammaconda in his pants.)
     
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  11. a mysterious man

    a mysterious man Well-Known Member

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    Disney seems to do alright with creative properties, but other media...not so much?
     
  12. RenchFries

    RenchFries Official Dawgshed Dutch representative Gold

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    I would think Google would be more interested. They've been trying to get Google+ off the ground for years now.
     
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  13. Mojopin

    Mojopin Resplendent in his frock VIP

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    Oh
     
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  14. Sea Slob

    Sea Slob Well-Known Member

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    They are. Bidding war :cheer:
     
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  15. EndOfLine

    EndOfLine PLATINUM SPONSOR VIP

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    I just don't get it. Twitter is a big money loser and they've had trouble fixing that property. Their valuation is so ridiculously high that there's no way any sane person would even approach them.

    Twitter is the kind of thing that is never going away, but will never be easily monetized either.
     
  16. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    If Disney buys it, its over. They will censor content to the point that users will flee.
     
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  17. broccoli rob

    broccoli rob thanks for the memories DW3

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    Its OK. Its physically impossible to turn the team at Twitter into bigger faggots.
     
  18. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    Once it is under the Disney umbrella is will turn into MySpace and be worth 1/10th of what they spent on it inside of a year.
     
  19. DrSublux

    DrSublux Who am dis VIP

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  20. cg256

    cg256 Well-Known Member VIP

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    Twitter would be smart to sell. It isn't making money. They should cash out while they can.