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Rumour : Apple Could Buy Twitter For $700 Million

The latest potential suitor for micro-blogging website Twitter has been outed as consumer electronics behemoth, Apple, which according to at least two tech websites is likely to buy the website for at least $700 million.

Gawker journalist Owen Thomas cited a source who is "plugged into the Valley's deal scene and has been recruited by Apple for a senior position", adding that the deal could be unveiled as early as next month.

The report has been kind of confirmed by tech blogging site Techcrunch which said that "a normally reliable source" basically confirmed what Gawker said, although the rumours were not corroborated by any other sources.

Early June 2009 would coincide with Apple's annual Worldwide Developers Conference in San Jose, California where the announcement might eclipse even the launch of the next generation iPhone.

Twitter has been growing massively over the last few months, boosted by appearances and public endorsements by the likes of Oprah Winfrey, Britney Spears and Ashton Kutcher.

There were claims that Google made an offer to Twitter's owners that was promptly rejected after which it became clear that Biz stone and his partners are (a) after substantially more money or (b) thinking that they can do it all alone.

And then, there's the "matching" factor; Apple buying PA Semi and investing in Imagination Technologies made sense because one could see clearly what Apple is planning to do.

and join nearly 1400 other followers.

Our Comments

Investing $700 million in a web-based service like Twitter is a much, much more doubtful investment. Apple has the money but it is still essentially a hardware, brick and mortar company, although that is changing. The Gawker journalist was quick to point out that rather significant discrepancy, saying that " it seems like an odd cultural fit, since Apple's hardly known for its Web prowess."

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Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.