TechCrunch got their hands on a juicy acquisition rumor last night. According to their two mysterious, and possibly mythical, sources, Google and Twitter were in late talks to ingest the micro-blogging service into Google's already bloated belly of services.
You may remember that Twitter was offered $500 million from Facebook a few months back. Twitter said no. We can only speculate that it had something to do with the fear of being redesigned every few months. Or it may have had something to do with Facebook's over-valued stock being offered in the deal. Probably the latter.
Now Google is allegedly putting up cash and publicly valued stock on table. You know, real money. Twitter is reportedly valued at $250 million. That's lunch money for Google. Google could find the Twitter acquisition beneficial in terms of Twitters search power. Twitter trends have become the Internet's new favorite way to find popular content.
As the day progressed, another source informed the TechCrunch posse that the acquisition discussions were in early stages and that the talks were confirmed. This ongoing speculation led Twitter Co-founder, Biz Stone to post to the Twitter blog. This is what Biz had to say in his post entitled "Sometimes We Talk."
My inbox is flooded this morning with requests for a response to the latest Internet speculation about where Twitter is headed. It should come as no surprise that Twitter engages in discussions with other companies regularly and on a variety of subjects.
Our goal is to build a profitable, independent company and we're just getting started. We've got just over thirty employees now and we're working out of a loft in San Francisco's SoMA neighborhood. By the way, we're hiring talented people if you want to join us.
Hey, they're hiring! At least that's confirmed.
