Twitter possibly for sale to Google or Facebook

Twitter is said to have held talks with both Google and Facebook over a potential sale that values the microblogging site at $10bn.

Discussions with the search engine giant and social network are said to be “low level”, according to the Wall Street Journal.

The valuation of $8bn to $10bn is more than double the $3.9bn price tag reported a year ago.

It is not known if a formal offer has been made but Twitter’s management has previously said it would remain a privately owned venture.

Source: Marketing Week (Michelle)
http://www.marketingweek.co.uk/sectors/media/digital-media/twitter-in-sale-talks-with-google-and-facebook/3023333.article

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