Apple Considered Investing Hundreds of Millions in Twitter

This entry needs translation. To help us and submit a translation please click here

Apple considered a large investment in Twitter reports the New York Times and Wall Street Journal.

The NYT says Apple was in talks with Twitter 'in recent months' about a strategic investment.

Apple has considered an investment in the hundreds of millions of dollars, one that could value Twitter at more than $10 billion, up from an $8.4 billion valuation last year, these people said. They declined to be named because the discussions were private.

There is no guarantee that the two companies, which are not in negotiations at the moment, will come to an agreement. But the earlier talks are a sign that they may form a stronger partnership amid intensifying competition from the likes of Google and Facebook.

The WSJ has a slightly different report saying that Apple held discussions with Twitter more than a year ago.

Apple Inc. held discussions with Twitter Inc. more than a year ago about taking a strategic investment in the short-messaging service, according to a person familiar with the talks. People familiar with the matter said there are no current formal investment or acquisition discussions between the companies.

You can download Twitter from the App Store for free.

Read More

1 comments [add] | 1798 views Tweet

Recent Apple News Entries
2012-07-28 16:30:16 - Apple Considered Investing Hundreds of Millions in Twitter
2012-07-28 07:54:08 - Apple Airs Third New 'Mac Genius' Ad During Olympic Opening Ceremonies [Video]
2012-07-28 01:57:50 - Another Apple Mac Ad Airs, Featuring Same 'Genius' [Video]
2012-07-28 01:31:41 - New Apple Mac Genius Ad Airs During Olympic Ceremony [Video]
2012-07-27 21:09:13 - Apple and Microsoft Team Up Against Google, Samsung, Others for Kodak's Patents
2012-07-27 20:59:16 - Apple Enables Power Nap Support for Retina Display MacBook Pro With SMC Update
2012-07-27 20:26:29 - Each iPhone Makes Apple Twice as Much as Each iPad
2012-07-27 20:08:46 - Growl 2 and HardwareGrowler 2 for Mountain Lion Now in Beta
2012-07-27 19:23:20 - Official Total Recall Game Released for iOS
2012-07-27 18:45:48 - The Wrap is a Cable Winder Accessory for Your iPhone Charger
[more][rss]

Follow iClarified

Follow @iClarified The iClarified Newsletter is sent once a day and includes any news or tutorials posted in the last 24 hours. To signup for the Newsletter click here. Make sure you choose "Yes" to be added to our Mailing List.

Source: http://www.iclarified.com/entry/index.php?enid=23547

kate walsh cnn debate equatorial guinea marine helicopter crash chicago weather star jones wheres my refund