Twitter Wouldn’t Sell For $1 Billion, Says Source

Source: TechCrunch

by Michael Arrington

Update to our post last night about Google/Twitter talks: New sources say that Google is interested in acquiring Twitter, and has had talks with the company about a deal. Google’s internal valuation, however, would value the company at a token premium above Twitter’s last round of financing valuation, around $250 million. Some Twitter insiders want the deal, but our sources say CEO Evan Williams wouldn’t sell even for $1 billion. “He may blink, but he wouldn’t do it,” said one source.

Google may also be concerned with antitrust issues around any major search-related acquisition, we’ve heard (and others have noted).

Clearly there’s a lot of posturing going on, and quite possibly some dissent in the ranks at Twitter. The company is officially stating “Our goal is to build a profitable, independent company and we’re just getting started.” Which is exactly what any company would say under any circumstances. The fact that Facebook acquisition discussions got so far last year suggests that they were open to merger discussions. But the valuation needed to get a deal done has increased dramatically since then.

Would Google pay more than $1 billion for Twitter? No idea. But there’s no way Microsoft lets a deal be negotiated without putting its bid in, too. And if these two giants see Twitter as the future of search, $1 billion is peanuts.

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