Disney working with adviser on potential Twitter bid: Report

Disney has hired an unnamed financial adviser to consider a bid for Twitter.
Written by Jake Smith, Contributor
Image: James Martin/CNET

The Walt Disney Company has hired an unnamed financial adviser, as the media conglomerate looks to potentially lay down a bid for Twitter, according to Bloomberg.

Twitter's board has been rumored to consider a sale -- and interest has been pouring in. Potential suitors could be looking to get a hold of Twitter's data and breaking news power.

Last week, CNBC reported Salesforce and Google were among potential bidders for the social network. The Wall Street Journal reported Salesforce is working with Bank of America on a potential bid. Discussions are said to be in early stages.

Recode said Twitter could sell for between $18 billion to $30 billion. On Friday, Twitter's share price jumped 20 percent on rumors it's available for sale.

We have reached out to Disney and Twitter for more.

Update: CNBC has published a subsequent report on Monday, claiming Microsoft is among potential suitors for Twitter. A deal could happen in the next 30 to 45 days, according to CNBC.

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