RUMOUR: Apple to buy Twitter for $700m

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twitter-money.jpgFirst Facebook had a go, then the word was that Google made an offer and now the rumour is that Apple plans to buy Twitter and announce it in time for WWDC on 9th June.

The mooted price has jumped a mile from the last supposed offer of $250 million to a far healthier $700 million and according to the quote from an insider, “Apple is in late stage negotiations”.

Hard to know how much truth there is in this one. Last time it was just a meeting about advertising, apparently, so if there even is some talking between the two companies, then it could have been about a whole bunch of things. If it is about a deal, then that represents a very interesting move for what is, essentially, a hardware and software company into the world of services.

Google is fast becoming the giant of the tech world and it’s their take over of the internet that the waning Microsoft covets. Is this Apple’s first steps towards ensuring long term growth or is it just the next big company on the list to be linked with the microblogging darling. A fiver says it’ll be Twitter to buy Yahoo! next.

(via @Zee Tech Crunch)

Daniel Sung

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