Quantcast
  

Tuesday, April 22, 2014         

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

Report: Google, Facebook consider buying Twitter

By Associated Press

POSTED:
LAST UPDATED: 11:34 a.m. HST, Feb 10, 2011



NEW YORK — Google Inc. and Facebook Inc. have both held low-level talks with Twitter Inc. about purchasing the privately held social networking service, according to a report published Thursday.

The talks have valued Twitter at $8 billion to $10 billion, The Wall Street Journal said, citing unnamed people familiar with the matter. The Journal said the company had 2010 revenue of $45 million but lost money as it hired and invested in data centers.

Investors have shown keen interest in social networking services in recent months. Last month, daily coupon website Groupon raised $950 million in financing after reportedly turning down Google's offer to purchase it for $6 billion. Facebook, which is privately held, is also said to have received $500 million in new funding last month, including $450 million from wealthy Goldman Sachs clients living outside the U.S., and $50 million from a Russian investor.

Also last month, LinkedIn, a social networking site geared toward professionals, filed to go public in an initial public offering worth up to $175 million.

Twitter and Facebook declined to comment. Google did not immediately respond to a message seeking comment.

Google's stock fell $3.08 to $613.42 in afternoon trading.







 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(0)
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
IN OTHER NEWS
Breaking News
Blogs
Political Radar
Reversal

Political Radar
Yield

Political Radar
`Plagued’

Political Radar
`Plagued’

Wassup Wit Dat!
Da Chicken Or Da Egg?

Warrior Beat
Depth perception

Political Radar
HB 1700 — Day 3