Apple ‘holding talks with Twitter’ about buying stake in company

Twitter was valued at $8.4 billion last year, but if Apple were to invest it
could elevate its value to $10 billion, unnamed sources told The New York
Times.

Although Twitter bosses are said to be open to the discussions, the company
does not need the cash. With more than 140 million active users every month,
advertising revenue is said to be at an all-time high.

Dick Costolo, Twitter’s chief executive, recently said the American company
had “truckloads of money in the bank”, with reports suggesting more than
$600 million was stashed.

In another interview he conceded that despite their healthy finances Apple
would be “a great partner”. “We think of them as a company
that our company looks up to,” Mr Costolo said.

Speculation about a partnership comes amid growing competitive threats from
Facebook – which is aligned with Microsoft – and Google.

Apple buying a stake in the social-networking site could still be a long way
off as the discussions are said to be only in their early stages and there
have not yet been any negotiations.

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