News
BackDate:10 February 2011
Twitter in takeover talks with Google and Facebook
Google and Facebook are reportedly in takeover talks with Twitter, with the estimated value of the micro blogging site being between $8 billion and $10 billion. According to a report in the Wall Street Journal, executives at Twitter have held “low level” talks with executives from Facebook, Google and other companies, in recent months about a possible takeover of Twitter.
Twitter, which allows users to post 140-character messages to groups of followers, raised $200 million in financing in December 2010, in a deal that valued the company at $3.7 billion. The micro blogging site, which was created in 2006, had 175 million users in September 2010.