Google in talks to buy Twitter

by Matt Williams, campaignlive.co.uk 03-Apr-09, 10:25

LONDON - Google is in talks to buy the social media micro blogging site Twitter, according to reports.

The technology blog Techcrunch has stated that the companies are in late-stage acquisition talks, with a view to a possible sale.

As yet, no price has been mentioned, although it is likely to be substantially more than the $500 million that Twitter turned down from Facebook in November 2008.

After turning down Facebook's offer, Twitter's co-founder Biz Stone said that the company was keen to remain independent to allow it to explore the possible ways of building a functioning revenue model.

Last month, reports also emerged that Amazon, the online retailer, was considering making a bid for Twitter.