Monday, November 22, 2010

Google Offered To Buy Twitter For $2.5-$4 Billion – Sources

Earlier this year, as part of an on-going dialogue between Google's corporate development team and Twitter, Google floated the idea of an acquisition with a price around $2.5 billion, we've heard from a source close to an executive involved in the talks. We'd caution that this was not a formal offer – more of a casual offer to offer. The overture was refused – even characterized as "insulting." A second source, a Twitter shareholder, tells us he was told Twitter turned down a $4 billion offer about three months ago. This source does not know who the buyer was.

Read more: Business insider