Twitter investors are still eager for a sale.
The company’s shares popped in after hours trading on Tuesday following a report from Betaville that says Disney has “rekindled interest” in buying the struggling social network.
Citing “well informed types,” Betaville’s Ben Harrington says the two companies are “now thrashing out a deal after agreeing on a price – thought to be in the high 20s per share – at the back end of last week.”
Twitter and Disney declined to comment.
Twitter’s stock immediately jumped more than 4% in after hours trading to over $18 per share on the report despite Betaville’s caution that it should be treated as “market gossip that hasn’t been tested through formal journalistic channels.”
Wall Street is clearly eager for a Twitter acquisition, particularly after the last round of supposed bidders, including Disney, Google and Salesforce, all vanished.
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