Google and Facebook talk Twitter

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Google and Facebook talk Twitter

Executives at Google and Facebook are reportedly engaged in “low-level talks” with Twitter about a possible acquisition of the micro blogging site.

“The talks have so far gone nowhere, [sources close to the deal] say,” reported the WSJ.

Twitter has garnered major mainstream success in the past years, with ad revenue in 2011 expected to hit a very respectable $150 million.

In addition, the site remains on target to generate as $250 million in ad revenue by 2012, making it an extremely lucrative acquisition for search engine giant Google or mega social networking site Facebook. 

Last year, Twitter received $200 milllion in funding to help fuel its continued growth, which placed the company at a valuation of $3.7 billion.

Of course, with stats pointing towards enormous growth as well as profit, talks and rumors of acquisition by a major corporation now seem like a more viable option.

(VIa AFP)

Author