Disney Said to Have Dropped Twitter Pursuit Partly Over Image

Disney Said to Have Dropped Twitter Pursuit Partly Over Image

HIGHLIGHTS

  • Walt Disney was earlier said to be in the line to bid for Twitter
  • Salesforce and Google earlier backed out from the bidding
  • Twitter is reported to be seeking about $30 billion for its sale

Walt Disney Co. decided not to pursue a bid for Twitter Inc. partly out of concern that bullying and other uncivil forms of communication on the social media site might soil the company’s wholesome family image, according to people familiar with management’s thinking.

The producer of family fare like “Finding Dory” had gone so far as to hire two investment banks, JPMorgan Chase & Co. and Guggenheim Partners LLC, to help evaluate a bid for Twitter. Disney management also listened to a presentation about the business from Twitterexecutives, according to the people, who asked not to be identified because the discussions were private.

(Also see:  Twitter Seeks New Path After Potential Bidders Said to Back Off)

There were other reasons for Disney not to pursue Twitter. The social media pioneer, creator of the 140-character tweet, is losing money and yet sports a market value of almost $12 billion (roughly Rs. 80,067 crores). That would a big deal even for Disney, which has a market value 12 times that. Some of Disney’s largest investors called the company over the past few weeks to express their displeasure with a Twitter purchase for those reasons, people close to the companies said.Salesforce.com Inc. also decided against a Twitter bid, as did Alphabet Inc.’s Google.

Another Milestone
Twitter could have been another milestone in the career of Disney Chief Executive Officer Bob Iger. The 65-year-old can point to the success of other acquisitions made under his tenure such as Pixar, Marvel and Lucasfilm. In a public chat at Boston College earlier this month Iger talked about how critical it is for Disney’s brands to establish a direct connection to consumers via mobile devices.

Iger recruited Twitter co-founder and CEO Jack Dorsey to the Disney board three years ago. Dorsey has said he respects Iger and considers him a mentor. Iger was invited to speak to Twitter’s senior staff about leadership at the beginning of the year.

Dorsey has been resistant to selling the company, however, hoping instead for more time to prove that a new live-video streaming strategy can help increase user growth, people familiar with the matter have said. Twitter’s board decided to retain bankers to explore the option after receiving interest from a prospective bidder that has since backed out.

Twitter has for years faced criticism for its hands-off approach to abuse and harassment on its service. Because people don’t have to use their real names, racist, sexist and anti-Semitic internet “trolls” have thrived on the platform. The company has pledged to become more serious about the issue in the last year, working on solutions such as letting people block keywords. Still, attacks this year have led to temporary departures of high-profile users including Leslie Jones, an actress in the movie “Ghostbusters,” as well as a New York Times journalist.

Twitter has only recently started exploring technological solutions to harassment on its service. Disney’s discomfort with abuse on the site indicates that it’s a larger problem for Twitter’s business prospects than its executives imagined.

© 2016 Bloomberg L.P.

Tags: Walt Disney, Twitter, Jack Dorsey, Social
[“Source-Gadgets”]

Sony Lifts Revenue Target for Games, but Cuts Outlook for Image Sensors

Sony Lifts Revenue Target for Games, but Cuts Outlook for Image Sensors

HIGHLIGHTS

  • Games business is set to be Sony’s biggest growth driver
  • The revenue target was lifted to JPY 1.8 trillion to JPY 1.9 trillion
  • Sony cut its outlook for image sensors on weakening demand for phones

Japan’s Sony Corp lifted its sales target for its games division in the next financial year on high hopes for its new virtual reality headset, but cut its outlook for image sensors on weakening demand for smartphones.

The diverging fortunes for the two businesses resulted in the electronics giant maintaining its operating profit target of JPY 500 billion ($4.9 billion) for the year beginning next April.

The games business is set to be Sony’s biggest growth driver, driven by strong console sales, a rise in subscribers to its gaming network as well as the new headset, which will be sold for $399, far less than the $599 price tag set by Facebook-owned Oculus Rift.

The revenue target was lifted to JPY 1.8 trillion to JPY 1.9 trillion ($17.6 billion to $18.6 billion) from 1.4 trillion to JPY 1.6 trillion.

But the sales outlook for Sony’s devices division which includes image sensors – a key product range for the company – was cut sharply on weaker demand for smartphones and on the cancellation of the development of high-end camera modules.

That range was lowered to JPY 1 trillion to 1.05 trillion versus a previous target of JPY 1.3 trillion to JPY 1.5 trillion.

© Thomson Reuters 2016

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Tags: Cameras, Gaming, Home Entertainment, Mobiles, Sony, Tablets, Wearables
[“Source-Gadgets”]

WhatsApp gets Gif image guide in cutting-edge iOS Beta release: file

WhatsApp Gets Gif Image Support in Latest iOS Beta Release: Report

HIGHLIGHTS
Gif picture sharing aid become spotted within the iOS app’s beta release.
there’s no information about when the characteristic will roll out.
The characteristic to this point has no longer made it to the Android app.
WhatsApp for iOS’ modern beta launch (v2.sixteen.7.1) is now doing the rounds, and apart from severacomputer virus fixes and upgrades, it brings guide for autoplaying gif snap shots. The fb-owned messaging app has staunchly resisted the gif invasion till date, and help for sharing animated pictures willcertainly be a welcome feature addition for users.

For now, it’s doubtful while gif photograph support will roll out to customers of the general launch, orwhilst it will launch on Android. The changes within the brand new beta release of WhatsApp for iOShad been reported through @WABetaInfo, which tracks beta releases of the app.

modifications listed by the group include help for autoplaying gif snap shots while shared as a link, thepotential to store the gif photo to your digicam roll (together with the choice to save it as a simplepicture), the potential to at once respond to gif image messages, encryption assist for gif sharing, andassist for Peek and dad (3-D touch) moves on gif snap shots.

news of planned guide for gif images in WhatsApp comes rapidly after rival messaging carrier Viberbrought gif photograph aid to its platform. maximum other rival structures (consisting of facebookMessenger) already aid gif photograph sharing.

another fundamental function addition anticipated to arrive soon for WhatsApp is video calling, with lotsof proof in beta releases pointing to the enterprise‘s plans for the feature.

The final main update to the platform became last month – the addition of record sharing on WhatsApp net.shortly before that, the employer rolled out its first computing device app for windows and OS X.

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Tags: Apps, facebook, Gif, Gif pictures, Gifs, Social, Viber, WhatsApp