On Thursday, TechCrunch reports that Google and Twitter have reached in ‘late stage’ talks for the later acquisition.
TechCrunch didn’t name the source, but it has been sourced from two different people quite close to these buyout talks. “Though no details about price, yet it can be assumed quite hefty,” techcrunch states.
Facebook has also made such offer of nearly half a billion dollars to buyout Twitter, but it was turned down by Twitter, as the offer was based on Facebook overvalues stock. On the other hand, Google may pay in cash or in publicly valued stock.
With its exceptional real time database as well as available search engine, Twitter has been doing pretty well for quite some time, and considering that, it’s not hard to find Google is putting efforts for such a deal. According to some online pundits, Twitter has the potential to surpass Facebook, Orkut and even Microsoft and Google.
On Twitter, people can post their short messages (140-characters) that are also called tweets. Twitters subscribers can keep in touch with their friends and families, as well as they can follow the stream of tweets from celebrities and companies.
But things don’t end just on sharing with acquaintances; it looks quite good for search with its considerable efforts to elevate search prominence and perhaps this one is the biggest factors that might may Google to treat new information sources in a careful way.
Written by “Aftab Bashir”
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Tags: facebook, Google, microsoft, techCrunch reports, twitter
See the Market, Playing Games with Social Networking Sites, The Money has to distribute to the People who have accounts.