Google Planning $250m Twitter Takeover

Google is on the verge of buying Twitter in a multi-million dollar takeover deal, according to reports.

Two separate sources have reported on the negotiations which will see Google pay an estimated £170million ($250million) for the social messaging network.

Twitter has failed to make a profit, but with millions of users – including a near 1000 per cent rise in traffic last year – it has become the buzz of the last six months.

The editor of technology blogsite TechCrunch, Michael Arrington, said two separate people ‘close to the negotiations’ have told him that Google is interested in the site.

via MailOnline

Posted on April 3, 2009 | Filed Under Tech

Leave a Reply