Twitter in sale talks with Google and Facebook

Twitter is said to have held talks with both Google and Facebook over a potential sale that values the microblogging site at $10bn.

/x/f/e/Twitter.jpg

Discussions with the search engine giant and social network are said to be “low level”, according to the Wall Street Journal.

The valuation of $8bn to $10bn is more than double the $3.9bn price tag reported a year ago.

It is not known if a formal offer has been made but Twitter’s management has previously said it would remain a privately owned venture.

Twitter is estimated to have reported revenue of $45m last year and is expected to make between $100m to $110m in 2011.

Last December it raised $200m from investors including venture capital firm Kleiner Perkins Caufield & Byers and existing Twitter investors which pushed up it value.

Recommended

Comments

    Leave a comment

    Close

    Discover even more as a subscriber

    This article is available for subscribers only.

    Sign up now for your access-all-areas pass.

    If you're an existing paid print subscriber find out how to get access here.

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now

    Got a question?

    Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

    If you are looking for our Jobs site, please click here

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now