National Edu News: Sun like stars in their later life hold key for Li increase in the Universe   |  Parent Interventions: New Urine Test on Threatened Miscarriage  |  Technology Inceptions: Crompton Silent Fans for Covid Era  |  Science Innovations: Covid Antibody Targets Identified  |  Leadership Instincts: Linear to a Non-Linear World  |  National Edu News: NATMO publishes 4th updated version of its COVID 19 Dashboard  |  Education Information: UGC Revised Guidelines on Examinations and Academic Calendar for Universities  |  Education Information: Revision of syllabi by CBSE for classes IX-XII for the academic session 2020-21  |  Parent Interventions: Flexible Learning Benefits Children  |  Parent Interventions: Exercise Improves Breast Milk   |  Parent Interventions: Lockdown Increases Child Obesity  |  Parent Interventions: Pre-School Parents Stressed  |  Technology Inceptions: AMD Radeon for Mobile Computing  |  Technology Inceptions: Dell EMC PowerScale Storage System  |  Technology Inceptions: Samsung A21 with 48 MP Quad Camera  |  
October 04, 2017 Wednesday 04:06:23 PM IST

Disney tried to acquire Twitter

Technology Inceptions

San Francisco: Disney contemplated acquiring the micro-blogging platform Twitter but ended up investing in the interactive media firm BAMTech, Walt Disney CEO Bob Iger has confirmed.

Speaking at the Vanity Fair's New Establishment Summit in California late on Tuesday, Iger said he was interested in buying Twitter but things did not materialise.

There were rumours last year that Google, Salesforce and Walt Disney were in the race to buy Twitter.

The acquisition of Twitter -- struggling to add new users amid stalled growth -- was reported to be about $20 billion. Twitter currently has 328 million monthly active users.


According to a report in The Street, Disney later acquired $1 billion stake in BAMTech, the interactive media and Internet company of Major League Baseball. Disney then purchased a majority stake in the streaming platform for an additional $1.58 billion. BAMTech is helping Disney bolster its direct-to-consumer streaming services.

Comments