Twitter "offended" after unknown bidder, rumoured to be either Google or Microsoft, offered $4 billion to buy it

Twitter "offended" after unknown bidder, rumoured to be either Google or Microsoft, offered $4 billion to buy it
According to two sources independent from one another, Google and possibly Microsoft tried to initiate official talks for Twitter's acquisition. The first unofficial offer, which was put on the table by Google, was worth $2.5 billion. The rumour says that the second one, which possibly originated from Microsoft, came only 3 months ago and it was worth $4 billion. Reportedly, Twitter twice rejected official talks for its acquisition and went as far as to characterize the unofficial offers as "insulting".
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.

source: Yahoo



7. newfdog 13

Posts: 64; Member since: Mar 06, 2010

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!

6. Androidlover unregistered

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!!!

3. Droid X Doug unregistered

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

Posts: 224; Member since: Aug 22, 2010

Worth more then two multi-billion dollar companies? You're an idiot.

5. nak1017

Posts: 328; Member since: Jan 08, 2010

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.

1. testman22

Posts: 339; Member since: Nov 03, 2009

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.

2. TheEclectic

Posts: 77; Member since: Sep 23, 2009

Amen brother.

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