Twitter Denies Talks With Google Over Possible Buyout

Must Read

Twitter Chief Executive Dick Costolo denied rumors that Google might buy his company for as much as $10 billion in a comment that was far shorter than 140 characters.

“I don’t know where these things come from. It’s just a rumor,” Costolo said after a keynote presentation Monday afternoon at the Mobile World Congress in Barcelona, Spain. His remarks were in response to questions surrounding a report last week that Facebook and Google were both in low-level talks to buy the San Francisco company.

Costolo, however, declined to comment on a similar question about Facebook, which will undoubtedly keep tongues wagging and may even lead to some creative hashtags.

More good news for Facebook and its sky-high valuation. Kleiner Perkins Caufield & Byers is taking a small stake in the world’s most popular social-networking site by snapping up as much as $38 million of stock from other shareholders at a valuation of $52 billion.

3 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Quick Commerce War Heats Up: Can Flipkart Catch Zepto After the Failed Acquisition?

When a big company intends to enter a new business segment from scratch, it often prefers to acquire an...
- Advertisement -

In-Depth: Dprime

The Mad Rush: The Rising Wave of Smartwatches Among Indian Consumers

A few months ago, a 36-year-old named Adam Croft, residing in Flitwick, Bedfordshire, had a startling experience. One evening, he woke up feeling slightly...

PARTNER CONFERENCES

spot_img

More Articles Like This