Disney waves goodbye Sheryl Sandberg and Jack Dorsey over social media clash

Disney is buying a large part of the Murdoch family's 21st Century Fox in a $52.4 billion deal, announced Thursday, Dec. 14, including film and television studios, cable and global TV businesses as it tries to meet competition from technology companies in the entertainment business.

Facebook's Sheryl Sandberg and Twitter's Jack Dorsey have been ousted from Disney's board of directors as increasing competition between their companies sparked a conflict of interest.

Disney said of the board members' departure: "Given our evolving business and the businesses Ms Sandberg and Mr Dorsey are in, it has become increasingly hard for them to avoid conflicts relating to board matters, and they are not standing for re-election". One more board member, Robert Matschullat, is stepping down because he has served for 15 years, the maximum tenure.

Leaders of two technology powerhouses are leaving the Walt Disney Co.'s board as their companies increasingly compete with the media giant for the attention of online viewers. In 2015, Disney tried to buy Twitter, Dorsey's company.

More news: A Free Update Is Coming to Super Mario Odyssey Next Month

Alongside a partnership with the National Football League (NFL), Twitter also began live streaming Women's National Basketball Association (WNBA) games.

Marketing has reached out to The Walt Disney Company for comment.

In May, it also announced the launch of a 24 hour news network in collaboration with Bloomberg. General Motors Co. CEO Mary Barra became a Disney director in August. CEO Francis deSouza will join the board from February. The 66-year-old is now scheduled to leave the company in 2021, the fourth time the company postponed his planned retirement date.

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