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 Gawker.com 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.