Microblogger sensation twitter has discussion with the prospect of acquistion with internet titans Google and Facebook, the wall street journal said on thursday. Executives at both the eminents Google Search Engine(GSE) and social networking giant have met with twitter for what the journal called with low level talks on the possibility of an acquisition deal the financial daily said citing people close to the situation. the talks have so far gone nowhere these people say added the journal.
The website in which users post message of 140 chacters or less has soard in popularity in recent years and according to the journal its valuation for potential suitors would between $8-$9 billions. It is expected to rake in $150 million in advertising revenue in 2011. According to a study by digital research firm emarketer released last month. Twitter chief executive Dick costolo has previously said that twitter which has fended off serveral buyers, intends to remain an independent company and is not considering going public. Twitter spokes person declined to comment on its finances valuations while Google and Facebook also declined to comment.
The website in which users post message of 140 chacters or less has soard in popularity in recent years and according to the journal its valuation for potential suitors would between $8-$9 billions. It is expected to rake in $150 million in advertising revenue in 2011. According to a study by digital research firm emarketer released last month. Twitter chief executive Dick costolo has previously said that twitter which has fended off serveral buyers, intends to remain an independent company and is not considering going public. Twitter spokes person declined to comment on its finances valuations while Google and Facebook also declined to comment.