Google To Buy Twitter For More Than $250M
Google Inc. has reportedly made a $250 million offer to buy the free social network/microblogging service Twitter Inc., according to TechCrunch. Facebook Inc. already tried to acquire Twitter for half a billion dollars but the offer was turned down by Twitter founders Evan Williams and Biz Stone.
Twitter turned down an offer to be bought by Facebook just a few months ago for half a billion dollars, although that was based partially on overvalued Facebook stock. Google would be paying in cash and/or publicly valued stock, which is equivalent to cash. So whatever the final acquisition value might be, it can’t be compared apples-to-apples with the Facebook deal.
Google apparently wants Twitter for its value in search as it can turn out to be the best real time database and search engine on the Internet. Twitter founders also sold Blogger to Google 5 years ago and they should be waiting for the right time to sell the innovative new service.
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