Rumours suggest talks in progress
Speculation coming out of the US overnight linking Google Inc with micro-blogging start-up Twitter suggests the two companies are in takeover talks.
The news has been broken by the same source that was first to report Google was in the process of buying YouTube a couple of years ago.
Yesterday Michael Arrington wrote on the influential TechCrunch group-edited blog about technology start-ups, “We don’t know the price but can assume it’s well, well north of the $250 million valuation that they saw in their recent funding.”
Late last year the company snubbed the advances of Facebook to buy the microblogging service for a rumoured $500 million in stock.
The draw for Google, Arrington maintains, “It holds the keys to the best real time database and search engine on the Internet, and Google doesn’t even have a horse in the game.”