Rumor: Apple Eying Twitter Purchase

News

Jeff Gamet

11:46 AM, May. 5th ET, 2009

Articles by Author Jeff Gamet on Twitter Contact Author Bio

Comments (2)

Apple has apparently entered into negotiations to buy the microblogging service Twitter, and hopes to make a public announcement during its World Wide Developer Conference in June. If so, the deal could be worth as much as US$700 million, according to unnamed insiders.

Apple isn't the first company to consider snatching up Twitter, although the Cupertino-based company may have a better chance at seeing a deal through since it can pay cash, according to Valleywag. When Facebook made a bid for Twitter it offered $500 million in cash and stock, but the deal fell through because investors couldn't agree on what Facebook's stock was really worth.

Snagging Twitter would give Apple more than a popular microblogging service. The company would also gain a strong Web development team it could use in other areas, too, like additional MobileMe-related services.

How Apple uses Twitter -- and whether or not a deal really will come together -- remains to be seen.

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2 Observer Comments

FlipFriddle

said on May 5th, 2009 at 3:47 PM:

Wha? Why? $700 million on a fad? Steve’s on the heavy meds me thinks.

Roger Andre said on May 8th, 2009 at 3:38 PM:

Gosh! If Apple get twitter, then I really hope their heart is in it!

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