Los Angeles - Facebook recently ended serious negotiations to acquire the Twitter microblogging service for $500 million in stock, All Things D reports.
The deal apparently collapsed over the price, and a desire by Twitter’s management and investors to further build its business and revenues.
"It’s more about timing," one person familiar with Twitter’s motivations told All Things D. "There is a strong feeling that there is still an opportunity — even with the economic downturn — to blow this thing out."
Launched in 2006, Twitter counts six million registered users, up 600% over the past year.
The company has raised $20 million to date, and was recently valued at $98 million.
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(All Things D)
I think if facebook had to acquire Twitter, it could have been one of the best tie-ups in recent times, because both twitter and facebook are outstanding. But since the deal has fallen out, I guess we would have to settle for this and enjoy both of them seperately.
There were right not to sell , it is much more popular now.
Thank you for your invaluable help
this information is very useful
That is a good strategy, that allows twitter to grow more and be of more value for those interested in buying it. In the meantime their name keeps on making a good name on the cyberspace.