During a recent sit down at the 2017 Dmexco conference in Germany, Twitter CEO Jack Dorsey hinted that he missed last year’s event because he may have been fielding a possible acquisition offer for the company. But he didn’t go into any details even after he was told by WPP CEO Martin Sorrell who was interviewing him to stop being coy.
Sorrell: “Oh, don’t be coy. There were rumors at the time that somebody … might be interested in buying Twitter. Was that true?”
Dorsey: “There were certainly rumors, there were certainly rumors of a conversation.”
Now there is no clear evidence that the suitor was Disney, but at the time in question there was heavy speculation that Disney and even Sales Force were kicking the tires on the micro blogging platform. But both companies eventually pulled away for unknown reasons. Disney’s name has been in the rumor mill for the past year as possible suitor not only for Twitter but also for Netflix. In fact, the drum beat for the entertainment giant to scoop up Netflix is getting louder. But Netfix’s reported $20 billion debt baggage may turn off possible suitors including Disney. As far as Twitter and CEO Jack Dorsey, the company is moving along with business as usual introducing new products and entering deals with media and content companies for live streaming. But we’re sure sale rumors will pop up again as they always do. Or perhaps acquisition rumors could as well. Twitter may have its eyes on a possible target that we don’t know about yet.
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