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Both Facebook and Google wanted to acquire Twitter, at $10 billion

Twitter was valued at between $8 and $10 billion by Google, Facebook

| Business, Financial & Legal News | Posted: Feb 11, 2011 1:30 am

Facebook and Google both had Twitter in their targets last year and even went as far to have talks with Twitter. Obviously all three companies have declined to comment on the news.

 

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The meetings have let the flood gates open and rummaging through the wreckage is a golden nugget of info, Twitter was valued by Google and Facebook at between $8 billion and $10 billion. This is all according to sources quoted by The Wall Street Journal:

 

Executives at both Facebook Inc. and Google Inc., among other companies, have held low-level talks with those at Twitter Inc. in recent months to explore the prospect of an acquisition of the messaging service, according to people familiar with the matter. The talks have so far gone nowhere, these people say. But what's remarkable is the money that people familiar with the matter say frames the discussions with at least some potential suitors: an estimated valuation in the neighborhood of $8 billion to $10 billion. This for a company that, people familiar with the matter said, had 2010 revenue of $45 million-but lost money as it spent on hiring and data centers-and estimates its revenue this year at between $100 million and $110 million.

 

Not bad at all Twitter, not bad at all.

 

NEWS SOURCES:Techspot.com

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