socialmedian: Twitter Wouldn’t Sell For $1 Billion, Says Source

User-submitted headlines for this story

Clips

Twitter Wouldn’t Sell For $1 Billion, Says Source

Source: TechCrunch

Apr 03, 2009

Summary

Update to our post last night about Google/Twitter talks. New sources say that Google is interested in acquiring Twitter, and has had talks with the company about a deal. Google’s internal valuation, however, would value the company at a token premium above Twitter’s last round of financing valuation, around $250 million. Some Twitter insiders want the deal, but our sources say CEO Evan Williams wouldn’t sell even for $1 billion. “He may blink, but he wouldn’t do it,” said one source.

Google may also be concerned with antitrust issues around any major search-related acquisition, we’ve heard (and others have noted).

Clearly there’s a lot of posturing going on, and quite possibly some dissent in the ranks at Twitter. The company is officially stating “Our goal is to build a profitable, independent company and we’re just getting started.” Which is exactly what any company would say under any circumstances. The fact that Facebook acquisition discussions got so far last year suggests that they were open to merger discussions. But the valuation needed to get a deal d

...Read the full article

Comments (2)

Thomaspower,

Apr 03, 2009

$100 per user is a fair price