Twitter In Takeover Talks With Facebook, Google, Report Says

Feb 10, 2011 - 18:37
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Twitter In Takeover Talks With Facebook, Google, Report Says

NEW YORK - Executives at microblogging company Twitter Inc. have held \"low level\" talks with executives at Facebook Inc and Google Inc in recent months, about a possible takeover of Twitter, the Wall Street Joual reported on Wednesday.

The paper said that the talks have so far gone nowhere but an estimated valuation put on the company is $8 billion to $10 billion.

In December, Twitter raised $200 million of financing in a deal that valued the company at the time at $3.7 billion.

The funding, from Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers and existing Twitter investors, underscored the high hopes that investors have for Inteet social networking companies.

Google and Facebook were not immediately available for comment on the Wall Street Joual report.

Twitter declined comment

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Mike Gallagher Mike Gallagher is a Georgia-based freelance journalist covering local news, community developments, and regional issues that matter most to residents across the state. Writing for Georgianewsday.com since 2016, Mike has built a reputation for clear, balanced reporting and a strong connection to the communities he serves. His work spans city council decisions, school board updates, small business features, public safety reports, and statewide policy changes. In addition to local coverage, Mike occasionally reports on state politics and national headlines, offering readers context on how broader decisions impact Georgia communities. Known for his steady, fact-driven approach, Mike prioritizes accuracy, fairness, and accessibility in every story. Whether covering a town hall meeting or breaking political developments, he aims to inform readers with clarity and integrity. Outside the newsroom, Mike remains actively engaged in Georgia’s civic landscape, always seeking the next story that shapes the state’s future.