Google in talks to buy Twitter
by Staff, Brand Republic 03-Apr-09, 08:55

LONDON - Google is reported to be in talks to buy Twitter, the social media micro blogging site of the moment.

The blog Techcrunch reported that Google and Twitter are in late-stage acquisition talks, which could lead to a sale.No sale price has been cited, but whatever the price it is likely to be considerably higher than the $250m it is currently valued at and the $500m Twitter turned down from Facebook in November 2008.

Any deal with Google would likely involve cash and stock. Facebook offered Twitter $500m (£330m) in stock, but the two disagreed over the social networking site's valuation. Unlike Facebook, Google is publicly quoted and there would be no disagreement about the value of its stock.When Twitter turned down the Facebook deal, co-founder Biz Stone said that the company wanted to remain independent to expand on "its messaging service and try their hands at building a functioning revenue model".The rumour that Google is in talks to buy Twitter follows a report last month that Amazon might also bid for Twitter.

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