Twitter's stock is popping on 'market gossip' that Disney is interested again
Kimberly White/Getty Images
Twitter investors are still eager for a sale.
The company's shares popped in after hours trading on Tuesday following a report from Betaville that says Disney has "rekindled interest" in buying the struggling social network.
Citing "well informed types," Betaville's Ben Harrington says the two companies are "now thrashing out a deal after agreeing on a price - thought to be in the high 20s per share - at the back end of last week."
Twitter's stock immediately jumped more than 4% in after hours tradingto over $18 per share on the report despite Betaville's caution that it should be treated as "market gossip that hasn't been tested through formal journalistic channels."
Wall Street is clearly eager for a Twitter acquisition, particularly after the last round of supposed bidders, including Disney, Google and Salesforce, all vanished.
A Twitter spokesperson declined to comment. Disney wasn't immediately available to comment.
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
NOW WATCH: Here's how long the average man lasts in bed
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas