Phan: Disney had a Twitter acquisition term sheet ready in 2016
Trung Phan · Trung Phan on The Hustle, ChatGPT, and TikTok · Mar 9, 2023 · at 1:01:14
Trung Phan references Disney's abandoned 2016 bid for Twitter while discussing potential suitors for major social media platforms.
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“Disney actually looked at buying Twitter in 20 2016. I think they had a term sheet, everything was ready, and then Iger, like, woke up one day and was like, I don't want to deal with this fucking, I don't want to deal with the moderation bullshit that's going on there.”
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