Google And Facebook Both In “Low Level” Talks For Twitter Acquisition
Rumors began surfacing today that internet giants Google and Facebook have been courting Twitter executives in what could end up being an $8 billion to $10 billion acquisition.
While the talks according to the Wall Street Journal are only “low-level” it’s believed that acquisition attempts have heated up over the last several months, although some insiders say they have “went nowhere.”
The huge valuation numbers come at a time when Twitter is estimated to have only taken in $45 million in revenue during 2010 with an estimated increase to $100 million, possibly $110 million in 2011.
At this time no company’s involved in talks have commented, which leaves a lot of speculation around the type of deal Twitter may be trying to etch out.
After $200 million was invested in the company in December 2010, Twitter watched their valuation climb to $3.7 billion, not a bad sum of cash for a company that just recently began selling ad space.
Twitter isn’t the only big acquisition and/or IPO for 2011, there’s also LinkedIn Corp who will go public later this year with an expected $2 billion valuation and Pandora Media Inc., looking at a $100 million public offering, there’s also Groupon which could see a valuation upwards of $10 billion after turning down a $6 billion buyout offer from Google.
What do you think about the valuation numbers being attached to Twitter?