24 Feb 2011

Google and Facebook potential Twitter suitors?

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Twitter is in “early talks” with potential buyers including Facebook and Google, as it hopes to secure a buyout in the region of $10 billion , the Wall Street Journal reports.
Thursday, 10 February 2011
According to the publication, the micro-blogging site – which now boasts over 175 million users – is generating a significant amount of interest, with most of the suitors agreed that it will take somewhere between $8 billion and $10 billion for a deal to be reached.
This represents a large increase in the value of Twitter over the past 12 months. In December 2009, it raised $200 million in venture capital; a process that valued the company at $3.7 billion.
The rise is all the more impressive considering that Twitter is still in the early stages of monetising its service, having posted a somewhat modest revenue of $45 million from ads last year.

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