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Twitter In Acquisition Talks With Google And Facebook

Micro-blogging giant Twitter could one day be acquired by Facebook and Google, if rumours are to be believed.

Sources have told The Wall Street Journal that Twitter has been holding low level talks with Facebook and Google for over a month now.

The sources also revealed that recent acquisition discussions have valued Twitter, which had an estimated revenue of $45 million last year, between $8 billion to $10 billion, but added that the talks have so far "gone nowhere".

As The Journal's Shira Ovide points out, a $10 billion evaluation for Twitter is 200 times more than its last year's revenue and 100 times more than its estimated revenue of $100 million-$110 million for this year.

For a company that is used by only 12 per cent of Internet users, $10 billion would seem to be an extremely high evaluation.

But the acquisition news is likely to be only rumour, as Twitter's management has repeatedly told people that the company is not for sale.