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Disney looking to buy Twitter for $30 billion

(WISH) – Disney may be looking to buy Twitter

According to CNN, Bloomberg reported Disney has a financial advisor and is working to make a possible bid.

Twitter is asking for a deal of about $30 billion. The deal would give the owner of ESPN and ABC a new online presence for sports, news and entertainment.

Microsoft is also reportedly in the running to make a bid.

For more business headlines from Jane King at the Nasdaq, watch Daybreak Monday through Friday.CNN contributed to this report.