Google Reportedly Close To Buying Twitter

Posted: Apr 3 2009, 7:59am CDT | by , Updated: Aug 11 2010, 1:43pm CDT , in Technology News


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According to sources from TechCruch Google is reportedly very close to buying Twitter for an undisclosed amount of money. TechCrunch cites two sources reportedly close to the deal. According to the publication, it is believed that the purchase would have to be for more than $250 million, the valuation suggested by recent venture capital funding.

Facebook was close to buying Twitter last year before negotiations ended and sources have said that the number at the time was $500 million in Facebook stock. The talks reportedly broke down over disputes about who would run Twitter and how much the company was worth.

TechCrunch reports that Google would want Twitter for the search database technology that does searches in real time. Details on the supposed deal have not been officially announced at this time.

Via Times Online

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
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