Report: Google in Talks to Acquire Twitter
San Francisco - Responding to rampant speculation that his company is in talks with potential suitor Google(NASD: GOOG), Biz Stone, the co-founder of microblogging service Twitter on Friday did little to quell the rumors. "It should come as no surprise that Twitter engages in discussions with other companies regularly and on a variety of subjects," Stone wrote in a blog post. "Our goal is to build a profitable, independent company and we're just getting started." TechCrunch reported that Google is currently in "late stage" talks to acquire the company, which recently was valued at $250 million.
The news comes just a few months after Twitter turned down an acquisition offer by Facebook, believed to be worth around $500 million.
Other sources believe that the discussions may lead to a partnership between the companies.
All Things D reported, citing "a number of sources close to the situation," that the companies are merely engaged in "some product-related discussions."
Twitter currently has just over 30 employees and works out of a loft in San Francisco's SoMA neighborhood.
June 8, 2009 at 5:36 AM Only 30 employees? Wow, awesome fact.