Google, Facebook line up to woo Twitter
Are you 50-plus and job hunting? Be prepared to know what this logo means. Psst: Twitter. Learn to tweet. Credit: Handout
Twitter is reported in low-level talks with suitors, including Google and Facebook.
Sales prices reportedly are near $10 billion. Twitter is a private company and does not divulge profits. In December, it raised $200 million in financing in a deal that valued it at $3.7 billion, the Los Angeles Times reported at the time.
As of September, Reuters reported, the company, which allows users to broadcast 140-character messages to groups of followers, had 175 million users.
Quoting The Wall Street Journal, Reuters reported on its website that executives at Twitter have held "low level" talks with executives at Facebook and Google in recent months about a possible takeover of Twitter.
Citing people familiar with the matter, the WSJ said other companies have also held similar talks.
"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," the report said.
Updated now Newsday travel writer Scott Vogel took the ferry over to Block Island for a weekend of fun.
Updated now Newsday travel writer Scott Vogel took the ferry over to Block Island for a weekend of fun.
