Rumor of The Day: Potential Twitter Buyout by Facebook or Google

Twitter has been holding talks with potential suitors, including Facebook and Google, which could value the micro-blogging site at $10bn, reports suggest.The new valuation would be a significant leap for Twitter. Last December it raised $200m in funds from Silicon Valley venture capital firm Kleiner Perkins Caufield and Byers and existing Twitter investors. The deal valued the firm at $3.7bn. But since then investors have shown a fierce appetite for the new wave of internet companies and the valuations of its peers have soared.

This entry was posted in Uncategorized and tagged , , , , , , , , , . Bookmark the permalink.