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The website Betaville reported, citing sources, that Twitter and Disney are "thrashing out a deal" after agreeing on a price "thought to be in the high 20s per share" late last week.
Later, Benzinga, citing a source "familiar" with the matter, downplayed the "chatter" and questioned the source.
Twitter shares rose 3.2% to 17.82 in late trading on the stock market today. But that followed the 4.3% regular-session decline to 17.26 amid a report of big job cuts this week. Twitter rose as high as as 25.25 on Oct. 5, the best since December 2015, amid speculation that Disney, Google parent Alphabet (GOOGL), Salesforce.com (CRM) and even, by some accounts, Apple (AAPL), might make a bid for Twitter. But they all appeared to drop out, with Disney apparently wary of the caustic comments and abuse by Twitter trolls.
Yet Disney CEO Bob Iger has made no secret of his desire to boost Disney's digital distribution channels.
Meanwhile, Apple CEO Time Cook, on the tech titan's post-earnings conference call late Tuesday, said the iPhone maker is "open to acquisitions of any size that are of strategic value." But most analysts think Apple is more interested in content or streaming media than a struggling social network, though Twitter is now streaming Thursday night NFL games.
IBD'S TAKE: Investors should focus on leading stocks, not laggards, even if the latter are "cheap." Bigger, stronger Facebook broke out to a new high on Monday. Shares dipped Tuesday but are still in buy range.
Twitter is due to report Q3 earnings before Thursday's opening bell. Earnings per share are expected to fall 10% vs. a year earlier to 9 cents, with analysts also expecting EPS declines in Q4 and Q1 2017. Revenue should rise about 6% to $606 million. That would be the ninth straight quarter of decelerating revenue growth, from 124% in Q2 2014.