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

By Associated Press
Published February 10, 2011 7:21PM (EST)
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)
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)

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.

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

MORE FROM Associated Press


Related Topics ------------------------------------------

Business Facebook Google Social Media Twitter