Tech

Twitter For Sale? Disney and Microsoft Are Interested

By Kristoffer Pimienta , Sep 27, 2016 04:27 AM EDT
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Twitter is about to go on sale and two notable companies are interested.

It has been a week since the news spread out that the massive online social networking service is up for bid.

Twitter was founded last March 2006 by founders Evan Williams, Noah Glass, Jack Dorsey,  and Biz Stone. Twitter is one of the best, if not the best social networking site ever created to date. Twitter gained a monumental popularity during its first year with over 100 million users posting an average of 320 million tweets a day.

Using Twitter and other social networking sites are great avenues to voice out your opinions on a delicate topic. You can also post anything under the sun, which could be a 'selfie' picture with your restaurant meal, your furry pet, or your baby's two fronth teeth - anything at all. Twitter has a trademark symbol whenever you post something. Its called a pound sign but more commonly known now as a hashtag.

Why is Walt Disney Co. and Microsoft interested in buying the social networking king?

There are a lot of reasons why the two companies are interested in buying Twitter, but mainly it is all about business. Acquiring Twitter means they have another way to venture their products. Disney and Microsoft will have a wide scope of customers once they were able to buy Twitter.

Which one has the advantage?

Right now, that would be Disney. A financial adviser from Disney is already working with Twitter to evaluate the possible bid. Salesforce Inc. is working with Bank of America and are already on the move. Disney, is the owner of ABC and ESPN and by acquiring Twitter, they will have a new line of outlet for entertainment.

Jack Dorsey, one of the founders and executive officer of Twitter is among the board of Disney. So there's a big possibility that Twitter might be sold to Disney and not Microsoft.

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