Valleywag reports that Apple is in negotiations to possibly buy Twitter. Twitter is growing massively with some sources putting it at 40% per week. Facebook recently tried to buy Twitter for $500 million, but was unsuccessful.
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According to Valleywag sources close to the Apple/Twitter negotiations peg the amount being offered at as high as $700 million. According to sources, Twitter would reportedly be hard pressed to turn down an all cash $700 million offer from Apple.
Valleywag thinks that the tie in for Apple and Twitter is the iPhone. Apps to allow users to Tweet from the iPhone are among the hottest on the App store. The open nature of Twitter could also help change the closed off perceptions of Apple by many consumers and developers. The deal is reportedly working towards the point where it can be announced at WWDC 2009 in June.