Rumor: Apple to acquire Twitter for $700 million

Posted on Wednesday, May 06 2009 @ 13:15 CEST by Thomas De Maesschalck
A rumor is circulating the web that Apple is in late stage talks to acquire Twitter for $700 million. The company is reportedly trying to have a deal in place by June 8 to make an announcement at Worldwide Developers Conference 2009 in San Francisco.
Blog site reported earlier today that an unnamed source, who reportedly has been recruited for a senior-level position at Apple, says the company is in "serious negotiations" with Twitter. The story noted that Apple is trying to hash out a deal quickly so an announcement could be made on June 8, during Apple's annual Worldwide Developers Conference.

TechCrunch today also reported that a "normally reliable source" said that Apple is in late-stage negotiations with Twitter. However, the story also noted that other sources said they have no knowledge of any talks between the two.
Last night there was another unlikely rumor, that claimed Apple is considering to buy game developer EA.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments