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.READ MORE: COVID: Redwood City Latest In Bay Area To Approve $5/Hour Grocery Worker Hazard Pay
Salesforce.com Inc. has also expressed interest, according to Bloomberg Markets. The San Francisco-based company is “working with Bank of America on the process.”READ MORE: Bicyclist Critically Hurt After Being Hit By Vehicle In Lafayette
Disney already owns ESPN and ABC. Twitter CEO Jack Dorsey has served on on Disney’s board since 2013.MORE NEWS: Warriors Name Brandon Schneider Team President, COO To Succeed Hall-Of-Famer Rick Welts
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 Salesforce.com.