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Facebook, Google talk about possible Twitter takeover according to Wall Street Journal
Published on: Feb 11, 2011 - 10:12am

Google Inc., Facebook Inc., plus other companies, have held "low level" talks with Twitter for a possible takeover of the social networking site, according to Reuters. Citing The Wall Street Journal (WSJ), the report said the talks have gone nowhere and that all three Internet giants declined to comment.

"But what's remarkable is the money that people familiar with the matter say frames the discussions with at least some potential suitors: an estimated valuation in the neighborhood of $8 billion to $10 billion," reports the WSJ.

However, according to the report, Twitter executives are in the process of building a large, independent company. "People familiar with the situation said the company believes it can grow into a $100-billion company," reports the WSJ.

Created in 2006, Twitter has 175 million users as of September 2010, according to Reuters. It is expected to generate about $150 million from advertising this year.

For more on this story, log on to Reuters and The Wall Street Journal.

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  • nick
    i still go for it is the next facebook.
    Feb 13 2011 @ 04:52pm     Reply  
  • tamz
    I don't think Twitter will rule all over Facebook. What people actually need specially with networking sites are updates most likely photos, statuses, chat etc., that is USER friendly. The first time I signed up with twitter, It takes more time for me to familiarize the whole interface.
    Feb 12 2011 @ 08:53pm     Reply  
  • bibbo
    Wow battle of the Giants! Swerte nung founders ng Twitter, billions of dollars pag binenta.
    Feb 11 2011 @ 03:37pm     Reply  
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