03Apr

Google Buys Twitter

Posted by Steve Renner as Google, Music, Search Engine Marketing

Google wants to get their hands on the mega popular Micro-Blogging site Twitter. Why not, since it has become one of the most popular sites on the net.

twitter-logo_01Techcrunch reported that it was a done deal, then back pedaled a bit. Everyone is talking about it…

So it’s really no surprise, since Google wants to own the internet anyway. As reported in the Crunch: “Google is in late stage negotiations to acquire Twitter. We don’t know the price but can assume its well, well north of the $250 million valuation that they saw in their recent funding. ” (Or NOT!)

google-logo_01So how does this compare to the Facebook offer: “Twitter turned down an offer to be bought by Facebook just a few months ago for half a billion dollars, although that was based partially on overvalued Facebook stock. Google would be paying in cash and/or publicly valued stock, which is equivalent to cash. So whatever the final acquisition value might be, it can’t be compared apples-to-apples with the Facebook deal.”

This would be founders, Evan Williams and Biz Stone’s second sale to Google - they sold Blogger to them just five years ago.

Twitter co-founder Biz Stone posted a statement on his blog Friday that neither confirmed the talks nor ruled them out.

“It should come as no surprise that Twitter engages in discussions with other companies regularly and on a variety of subjects,” Stone said. “Our goal is to build a profitable, independent company and we’re just getting started.” adding, “The 30-employee company is hiring”.

Not bad for a couple years work. Looks like another big pay day for The these 2 Twits! (Way to go boys!).

Meanwhile we’re going surfin’, who knows maybe the Big G will be looking our way someday.

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1 Response to Google Buys Twitter

lynnscott

September 16th, 2009 at 3:46 am

Hi…with the market the way it is any think can happen…I don’t think its the way to go…goggle and others need competition….Good luck…..Thanks…for the info..

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