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Google, Disney reportedly back out of Twitter sale
Following news that giant companies, including Disney, Google and Apple, were interested in acquiring microblogging service Twitter, sources are now saying that all three companies have decided against placing bids.
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As reported by Recode, neither Google nor Apple will place any bids, while Disney had also recently backed out from purchasing Twitter. (Shutterstock.com/Maxxa Satori)
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ollowing news that giant companies, including Disney, Google and Apple, were interested in acquiring microblogging service Twitter, sources are now saying that all three companies have decided against placing bids.
As reported by Recode, neither Google nor Apple had placed a bid, while Disney had also recently backed out from purchasing the social media platform.
(Read also: Twitter: We suspended 360K accounts over 'violent extremism')
Disney was previously said to be the most suitable candidate as its CEO Bob Iger is a friend of Twitter CEO Jack Dorsey, and Dorsey is already a member of Disney's board. The acquisition will also increase Disney's opportunity to distribute its content.
San Francisco-based cloud computing company Salesforce is now regarded as the most likely potential buyer, despite no official confirmation having been made. (kes)
