Original URL: http://www.theregister.co.uk/2011/02/10/google_facebook_twitter_suitors/
Google and Facebook named as Twitter suitors
#wsj #reports #takeover #talks
Posted in Financial News, 10th February 2011 06:29 GMT
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Google and Facebook have emerged [1] as possible buyers of Twitter, according to the Wall Street Journal.
The newspaper says insiders had told the journal that as well as the ad giant and the user-data sales house, “other companies” have discussed a Twitter takeover.
The WSJ reports that Twitter is seeking as much as $10bn in the takeover talks – more than double the $3.7bn valuation arrived at in Twitter’s December capital-raising.
Assimilation into the Chocolate Factory would turbo-charge Twitter’s currently nascent plans to turn a quid from advertising. While its 200 million claimed user base surely must include its fair share of TV-shoppers, coupon grabbers and all-round suckers, Twitter users have to date seemed resilient against the barrage of marketing and spam robots that already infests the service.
Such a takeover would also ease the burden of data centre services on Twitter’s cost base, with the Googleplex surely bigger than the "fail whale". ®