Google reportedly in talks to buy Twitter
Twitter co-founder reacts to potentially landmark decision as rumours swirl
With Google’s seemingly endless ventures and gargantuan ambitions, it’s no surprise that rumours are now indicating that the search giant will buyout the micro-blogging sensation Twitter.
Reputed TechCrunch blogger Michael Arrington has based the rumour on “two separate people close to the negotiations” with expectations that the deal would involve a lot more than the $250 million valuation Twitter saw in their recent funding.
In fact, most estimates reveal the deal could amount to $1 billion, with Google offering cash and stock options.
Late last year, Twitter famously turned down an offer to be bought by Facebook for half a billion dollars.
All Things Digital's Kara Swisher, however, rebuffed the report. Also citing unnamed sources, she claims the companies have only been in product-related discussions.
Addressing the issue, Twitter co-Founder Biz Stone has written a company blog post that neither denied nor confirmed the conflicting media reports.
“It should come as no surprise that Twitter engages in discussions with other companies regularly and on a variety of subjects,” Stone said, adding that their goal “is to build a profitable, independent company and we're just getting started.”