NerdGrind - How-to Computer Help - Tutorials - Tech and Gadget News » Stocks http://www.nerdgrind.com Gadget and technology news, computer help, and how-to tutorials on everything, from your friendly nerd at NerdGrind Tue, 17 Nov 2009 20:03:16 +0000 en hourly 1 Twitter Rejects Takeover Offer From Facebook http://www.nerdgrind.com/twitter-rejects-takeover-offer-from-facebook/ http://www.nerdgrind.com/twitter-rejects-takeover-offer-from-facebook/#comments Tue, 25 Nov 2008 14:59:08 +0000 Nerd Grind http://www.nerdgrind.com/?p=5311
Social networking site, twitter.com rejected a $500 million takeover offer from another social networking giant Facebook.com yesterday. The offer was $100 million in cash and the rest in stock.]]>

facebook twitter Twitter Rejects Takeover Offer From Facebook

Social networking site, twitter.com rejected a $500 million takeover offer from another social networking giant Facebook.com yesterday. The offer was $100 million in cash and the rest in stock. According to Kara Swisher, Twitter rejected the offer because:

"-Facebook’s real valuation made the amount to only $150 million

-Twitter’s investors wanted cash

-Twitter has a secret plan to be announced next year for revenue"

The real question is: What does twitter have in store? Sure, Facebook may have inflated their numbers a little, but hey, times are tough and $500 million is still half a billion!

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