Google to Acquire Twitter: Sources

Washingtonpost today has just brought in a heck of a rumor that Google may be in the last stage of acquiring Twitter. No one knows the price or exact transactional details yet, nor there is any official source to that, but its said that the deal may be well over $250 Million. If you remember, Facebook tried buying Twitter for half a billion dollars, although that was based partially on overvalued Facebook stock and so Twitter promptly ignored that. But, if this deal gets finalized, then Google may pay in cash or public valued stocks which is almost synonymous to that. The question is, is it on the cards? Is there a reason why Google will want Twitter? Yes. an emphatic Yes.

When we tried talking about it months earlier as in one interview, Eric Schmidt, Google’s CEO, suggested that Twitter wasn’t really a Threat for Google. But the thing is questions did arise that time. Twitter’s awesome ability of coming out with real time web interactive results is still something that Google is yet to master. Google news is far from being the most comprehensive source of breaking news throughout the world. Acquiring Twitter will help Google increase the monopoly by many folds.

If you ask me, personally, I don’t want to see another Google subsidiary in the market frankly. Enough of them already.

News source: Washingtonpost