Home Business Google News Twitter Disney isn’t going to bid for Twitter, either Which leaves Salesforce, for now.

Disney isn’t going to bid for Twitter, either Which leaves Salesforce, for now.

by SHREY KAPOOR

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Cross another potential Twitter buyer off the list: Disney isn’t pursuing a bid for the social platform, either.Sources familiar with Disney, which was mulling a possible Twitter purchase last week, say the media giant has decided not to move forward.

Earlier today Recode reported that Google, a logical buyer for Twitter who had also hired a banker to kick the company’s tires, was not going to bid; Apple is also unlikely. Twitter shares dropped 9 percent in after-hours trading.

For now, that leaves Salesforce as the only potential buyer for Twitter, though the company has never confirmed publicly that it wants to make a deal. Salesforce CEO Marc Benioff appeared on CNBC today and refused to comment directly on any interest in Twitter.

Industry observers have thought that Disney and Twitter might make sense as a pairing. One reason is because Disney CEO Bob Iger is friendly with Twitter CEO Jack Dorsey, who sits on Disney’s board. Another is that Disney is interested in finding new digital distribution outlets for its content, as its strength in TV begins to waver.

SHREY KAPOOR

Shrey Kapoor is a Tech-Enthusiast, Harvard certified Cyber Security and Cyber Forensics Expert. He Founder Techphlie.com, which is one of the India's Top Tech News Website. Even Forbes and many other renowned publishers took his articles reference. Shrey is a Technology analyst, strategic thinker and creative writer who is passionate to deliver the best, latest possible Tech-News to his followers and subscribers. He completed his masters in Artificial Intelligence & Robotics, certified in IPR, T.Q.M. & ISO 9001:2008 In Quality Management Systems.