Twitter 'in early talks with potential buyers Facebook and Google'

[Turborama]

Source: The Guardian

Loss-making micro-blogging site now valued at $10bn

Dominic Rushe in New York | Thursday February 10 2011 08.18 GMT

Twitter has been holding talks with potential suitors including Facebook and Google that could value the micro-blogging site at $10bn (£6.2bn), according to reports.

The early stage talks are not believed to have progressed far but, according to the Wall Street Journal, one thing has been agreed on: the loss-making firm is worth somewhere between $8-10bn.

Twitter is a private company and does not disclose its revenues. Last year it is estimated to have had revenues of $45m but ended the year making a loss as the firm spent on hiring and new data centres. This year Twitter's revenues are expected to more than double to between $100-110m.

The new valuation would be a significant leap for Twitter. Last December Twitter raised another $200m in funds from Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers and existing Twitter investors. The deal valued the firm at $3.7bn. But since then investors have shown a fierce appetite for the new wave of internet companies and the valuations of its peers have soared.

Read more: http://www.guardian.co.uk/technology/2011/feb/10/twitter-talks-buyers-facebook-google

[nalnn]

1. Wow

The best 'synthesis' seems to be with FB, but my money's on Google in the case of a showdown.

[Javaman]

2. This would certainly solve twitters money issue.

they can only live on corporate welfare for so long.