Apple Considered Investing Hundreds of Millions in Twitter
Apple considered a large investment in Twitter reports the New York Times and Wall Street Journal.
The NYT says Apple was in talks with Twitter 'in recent months' about a strategic investment.
Apple has considered an investment in the hundreds of millions of dollars, one that could value Twitter at more than $10 billion, up from an $8.4 billion valuation last year, these people said. They declined to be named because the discussions were private.
There is no guarantee that the two companies, which are not in negotiations at the moment, will come to an agreement. But the earlier talks are a sign that they may form a stronger partnership amid intensifying competition from the likes of Google and Facebook.
The WSJ has a slightly different report saying that Apple held discussions with Twitter more than a year ago.
Apple Inc. held discussions with Twitter Inc. more than a year ago about taking a strategic investment in the short-messaging service, according to a person familiar with the talks. People familiar with the matter said there are no current formal investment or acquisition discussions between the companies.
You can download Twitter from the App Store for free.