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Fly News Breaks for October 26, 2016
DIS, TWTR
Oct 26, 2016 | 06:25 EDT
After Betaville yesterday reported that Disney (DIS) is close to an acquisition of Twitter (TWTR), Brean Capital analyst Alan Gould reiterated his belief that a deal is unlikely. A Disney acquisition of Twitter at an estimated $18B valuation does not make sense and is not consistent with its historic M&A strategy, Gould tells investors in a research note. The analyst points out that Twitter has stagnant user growth and that its year-over-year advertising revenue growth has steadily decelerated from 60% four quarters ago to an estimated 3% this quarter. Gould is also not sure how Disney adds value to Twitter. In pre-market trading, Twitter shares are up 3% to $17.80.
News For TWTR;DIS From the Last 2 Days
DIS
Apr 21, 2024 | 17:10 EDT
"Box Office Battle" is The Fly's weekly roundup of what movies topped the weekend's box office. A24’s “Civil War”... To see the rest of the story go to thefly.com. See Story Here