Twitter "offended" after unknown bidder, rumoured to be either Google or Microsoft, offered $4 billion to buy it
The rumour for the $2.5 billion offer came from "a source close to an executive involved in the talks", while the $4 billion offer was leaked by a Twitter shareholder. Both sources say it's likely that Microsoft was behind the second offer, which means that Twitter found itself in the midst of a bidding war between two of the biggest corporations in the US and beyond.
It sounds likely that such informal talks occurred and if true, this means that Twitter spoiled the party. Yet, these astronomical figures are another confirmation that we live in digital times - after all, Verizon bought 22 MHz of spectrum (or polluted air, if you look at it from another angle) for $4.7 bilion in 2008 and invested new $4 billion for its LTE and 3G expansion. No wonder Twitter is offended by the $4 billion offer.
1. testman22 posted on 19 Nov 2010, 10:08 9
Twiter needs to take that money and run. In 5-10 years the fad will be over and they'll be lucky to get 4 dollars.
3. Droid X Doug (unregistered) posted on 19 Nov 2010, 14:04 0
Yeah, but if you are Twitter, you are drinking the Kool-Aid on a daily basis and you know you are worth more than MS and Google combined....
4. Rawrzellers posted on 19 Nov 2010, 15:48 1
Worth more then two multi-billion dollar companies? You're an idiot.
5. nak1017 posted on 20 Nov 2010, 15:28 1
I hope you're using "know" sarcastically...
I don't even get how twitter is worth $4 billion... they simply can't monetize that well without more services or advertising.
6. Androidlover (unregistered) posted on 21 Nov 2010, 00:20 0
lol twitter is garbage!!! Twitter should go with google and be proud of being part of google! google will revolutionize it and make it so much better!!!
7. newfdog 13 posted on 21 Nov 2010, 06:46 1
They really are idiots. They don't really generate revenues and haven't really had any since they created it. Someone offers you even $1mil for the lint in your pocket- simple- take it!