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Twitter Inc (NYSE: TWTR) spiked sharply Monday afternoon after yet another report of a possible buyout surfaced.
A report from Bloomberg said Walt Disney Co (NYSE: DIS) is working with a financial advisor to evaluate a possible bid for Twitter.
Twitter's stock, which has traded down most of the day, jumped nearly 5 percent within 10 minutes. Shares traded recently at $22.79.
Twitter speculation has been swirling for months and months. Talks of a possible acquisition from Salesforce.com Inc (NYSE: CRM) or Alphabet Inc (NASDAQ: GOOG) saw the stock have its single best day ever last Friday.
Disney's recent purchase of MLB technology company BamTech, is the same technology Twitter is using for its Thursday Night Football streams, and could be a reason that sparked talks of a potential deal between Disney and Twitter.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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