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Report: Facebook Talks to Twitter, Acquisition Deal Fails

     

engine

1:00 pm on Nov 24, 2008 (gmt 0)

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



Report: Facebook Talks to Twitter, Acquisition Deal Fails [kara.allthingsd.com]
About three weeks ago, Facebook and Twitter ended several weeks of serious talks, in which Facebook was offering to acquire Twitter for $500 million of its stock.

While rumors of Facebook’s interest were brought up in an interview with Facebook CEO Mark Zuckerberg at the Web 2.0 Summit a few weeks ago, some shot down the idea as silly.

Quite incorrectly, as it turns out, since top execs at both Facebook and Twitter were right then at the tail end of discussions, which were initiated by the privately-held Facebook in mid-October, about bringing the two together.

Those talks, sources on both sides said, are now over.

rogerd

4:49 pm on Nov 25, 2008 (gmt 0)

WebmasterWorld Administrator rogerd is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Wow, Twitter worth $500 mil? That's way above the valuation estimates I've seen. Monetization of Twitter is non-trivial, too.
 

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