SAN FRANCISCO (CBS SF) — Talk of a Twitter takeover by Walt Disney Co. is brewing.

After months of speculation that the struggling social media company would be sold, financial sources say Disney is seriously evaluating a possible bid. Inc. has also expressed interest, according to Bloomberg Markets. The San Francisco-based company is “working with Bank of America on the process.”

Disney already owns ESPN and ABC. Twitter CEO Jack Dorsey has served on on Disney’s board since 2013.

Twitter is based in San Francisco and valued at $20 billion. Shares rose 3.3% on Monday to $23.37 after news of a possible bid from


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
LIVE: Monday through Friday from 3am – 3pm PST

Watch & Listen LIVE