Arrington initially reported that Google and Twitter were in “late-stage negotiations” but he backed off that assertion slightly in a later post in which he said the acquisition talks were “still fairly early stage.”
Influential technology blogger Michael Arrington reported on his blog TechCrunch on Friday that the Mountain View, California-based Internet powerhouse is in talks to acquire the hot San Francisco-based startup.
Citing two sources familiar with the matter, TechCrunch said the price was unknown but it was likely to be “well, well north” of the 250-million-dollar valuation placed on Twitter in a recent round of venture capital funding.
Arrington said Google would pay cash or publicly valued stock for Twitter, which turned down a 500-million-dollar takeover offer from social network colossus Facebook just a few months ago.
“While the ‘news’ that Google was in ‘late-stage’ talks to acquire Twitter, which TechCrunch reported last night, certainly sounds exciting, it isn?t accurate in any way,” Swisher said.
“In fact, Twitter and Google have simply been engaged in ‘some product-related discussions,’ according to one source, around real-time search and the search giant better crawling the microblogging service,” she said.
“No negotiations, no deal, nada,” she quoted an unnamed source as saying.
At this point, without any additional confirmation, we have to treat the story as a rumor, which Arrington has also done. (The naysayers also note that Arrington treats stories as rumors until other sites confirm them, and then accepts the credit for breaking the news. Which is partially true, of course.)