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Is Apple taking a financial interest in Twitter?
The New York Times reports that Apple has had talks with Twitter about taking a major stake in the social-media company.
by Dan Farber | July 27, 2012 8:10 PM PDT
Is Apple planning to spend some of its $117 billion cash hoard on an investment in Twitter? The New York Times reports that the two companies have talked in recent months, but that they are not in talks at this time. Apple could potentially invest several hundred million dollars into Twitter, which has already gathered close to $1 billion in funding.
Twitter has plenty of cash and is expected to generate about $300 million in mostly advertising sales this year. CEO Dick Costolo has said that an IPO doesn't occupy his thoughts much. "I just don't worry about that stuff...if you wait until the business and business-results speak for themselves, you can be a public company on your own terms."
An investment in Twitter would be strategic for Apple in the sense of giving the iPad and iPhone maker a closer relationship with the Twitter juggernaut, which has about 140 million active users who generate close to 3 billion tweets per week.
Whole article at:
http://news.cnet.com...est-in-twitter/
The New York Times reports that Apple has had talks with Twitter about taking a major stake in the social-media company.
by Dan Farber | July 27, 2012 8:10 PM PDT
Is Apple planning to spend some of its $117 billion cash hoard on an investment in Twitter? The New York Times reports that the two companies have talked in recent months, but that they are not in talks at this time. Apple could potentially invest several hundred million dollars into Twitter, which has already gathered close to $1 billion in funding.
Twitter has plenty of cash and is expected to generate about $300 million in mostly advertising sales this year. CEO Dick Costolo has said that an IPO doesn't occupy his thoughts much. "I just don't worry about that stuff...if you wait until the business and business-results speak for themselves, you can be a public company on your own terms."
An investment in Twitter would be strategic for Apple in the sense of giving the iPad and iPhone maker a closer relationship with the Twitter juggernaut, which has about 140 million active users who generate close to 3 billion tweets per week.
Whole article at:
http://news.cnet.com...est-in-twitter/
