Twitter Sparks Interest from Big-Name Buyers
14/02/2011
Facebook and Google have recently expressed interest in buying Twitter, resulting in multi-billion dollar valuations of the social networking website.
The Wall Street Journal reports on the news:
As Internet valuations climb and bankers and would-be buyers circle Silicon Valley in an increasingly frothy tech market, many eyes are on one particularly desirable, if still enigmatic, target: Twitter. Discussions with at least some potential suitors have produced an estimated valuation of $8 billion to $10 billion.
Executives at both Facebook Inc. and Google Inc., among other companies, have held low-level talks with those at Twitter Inc. in recent months to explore the prospect of an acquisition of the messaging service, according to people familiar with the matter. The talks have so far gone nowhere, these people say.
Read more at the Wall Street Journal
Written by Spencer E. Ante, Amir Efrati and Anupreeta Das, February 10 2011
