10 Feb '11, 7am

Twitter acquisition talk with Facebook

On Thursday 10 February 2011, 15:16 Microblogging sensation Twitter has discussed the prospect of acquisition with Internet titans Google and Facebook, the Wall Street Journal said Thursday. Executives at both the emminent search engine and social networking giant have met with Twitter for what the Journal called "low-level talks" on the possibility of an acquisition deal, the financial daily said, citing people close to the situation. "The talks have so far gone nowhere, these people say," added the Journal. The website, in which users post messages of 140 characters or less, has soared in popularity in recent years, and according to the Journal its valuation for potential suitors would be between $8 billion and $10 billion. It is expected to rake in $150 million in advertising revenue in 2011, according to a study by digital research firm eMarketer released last month. L...

Full article: http://sg.finance.yahoo.com/news/Twitter-acquisition-talk...

Tweets

Twitter acquisition talk with Facebook, Google

Twitter acquisition talk with Facebook, Google

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