Disney buying 21st Century Fox for $52.4 billion

Two excessive profile tech executives are leaving Disney’s board of administrators over potential conflicts of curiosity.

Neither Fb COO Sheryl Sandberg nor Twitter CEO Jack Dorsey can be renominated to their positions on Disney’s board, according to an SEC submitting from Disney.

“Given our evolving enterprise and the companies Ms. Sandberg and Mr. Dorsey are in, it has grow to be more and more tough for them to keep away from conflicts regarding board issues and they don’t seem to be standing for re-election” a Disney spokesman stated in a press release.

Dorsey had been on the board since 2013 and Sandberg has served since 2010.

Each Fb and Twitter have more and more moved into the leisure enterprise lately.

Twitter specifically has entered the sports activities broadcasting enterprise, which may probably trigger battle with ESPN, a Disney firm. Along with a partnership with the NFL, the corporate announced it was livestreaming WNBA video games final yr. Twitter additionally announced a plan earlier this year to launch a 24/7 information community in partnership with Bloomberg.

Fb launched its “Watch” tab earlier this year to point out reside and recorded video, together with a weekly Main League Baseball sport.

Twitter and Fb each declined to remark.

CNNMoney (New York) First printed January 13, 2018: 5:32 PM ET