FILE - In this June 23, 2010 file photo, a Twitter sign hangs at the offices of Twitter Inc., in San Francisco. WikiLeaks said Saturday, Jan. 8, 2011 that U.S. investigators have gone to San Francisco-based Twitter Inc. to demand the private messages, contact information and other personal details of Julian Assange and three people associated with the secret-spilling website. The popular micro-blogging site has declined comment. (AP Photo/Jeff Chiu, File) (AP)

Are Google and Facebook trying to buy Twitter?

Reports surface that the two Internet giants have held low-level acquisition talks with the micro-blogging service


Associated Press
February 11, 2011 12:21AM (UTC)

Google Inc. and Facebook Inc. have both held low-level talks with Twitter Inc. about purchasing the social networking service, according to a report published Thursday.

The talks have valued Twitter at $8 billion to $10 billion, according to unnamed sources cited by The Wall Street Journal. The sources said the company had 2010 revenue of $45 million but lost money as it hired and invested in data centers, according to the Journal.

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Investors have shown keen interest in social networking services in recent months. Last month, daily coupon website Groupon raised $950 million in financing after reportedly turning down Google's offer to purchase it for $6 billion. Facebook is also said to have received $500 million in new funding last month.

Twitter and Facebook declined to comment. Google did not immediately respond to messages seeking comment.


Associated Press

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