Tagged: disney

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Twitter stock drops as bidders lose interest

Shares in Twitter fell more than 14% on Monday following reports that all of its rumored potential bidders have lost interest in buying the struggling social media company. The shares, which spiked last month following speculation of a takeover by companies including Google, fell $2.82, or 14%, to $17.03 in early trading after Bloomberg reported that Twitter was unlikely to receive any takeover bids....

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Rumors about Disney buying Netflix are circulating

Walt Disney Co. is on the prowl to acquire assets to add to its Goliath media and entertainment business; at least that’s the chatter on Wall Street. Following reports last week Disney was considering a bid for the floundering but pioneering social-media platform Twitter Inc. the House of Mouse’s name was tied to interest in another buy: Netflix Inc. Shares of Netflix had moved...