Twitter In Acquisition Talks With Google And Facebook

By SpiderGroup

24 Feb 2011

According to The Wall Street Journal, Twitter is currently having low level talks with Facebook and Google over the past month about both giants to acquire the micro-blogging giant Twitter.""

The source which revealed to The Wall Street Journal said Twitter’s revenue of $45million last year, and valued Twitter between $8 and $10-billion, but added that the talks have “gone nowhere”.

The WSJ pointed out that a $10billion evaluation for Twitter is 200-times more than its last year’s revenue. Not only that but it is 100-times more than its estimated revenue of $100million-$110million for this year.

According to IT Portal, Twitter is only used by 12-percent of internet users so $10-billion would seem an extremely high as an evaluation.

Twitter’s management told people in the company that the company was not for sale.

-Via IT Portal

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