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Twitter turned down a $10 BILLION buyout offer from Google

by niftystats
10 replies
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Fortune's Jessi Hempel says that last fall, Twitter's board turned down a $2 billion offer from Facebook, and a $10 billion offer from Google. She says Microsoft almost made an offer.
#twitter
  • Profile picture of the author talfighel
    Holy conoly.

    I can not believe that they turned down $10 Billion.

    Maybe they see a bigger fortune with getting paid from advertisers and saw a bigger number in the coming years from this.

    Don't forget that the major search engines make their money from advertisers like me and others.
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  • Profile picture of the author TLTheLiberator
    Hey, what goes on?????????????

    Let me guess, someone said...

    "this company is not for sale"

    If the reports are accurate, that's a lot of money to turn down.

    I remember a scene from the HBO show entourage when Mark Cuban offered to by a company and the owner exclaims...

    ..."my company is not for sale"


    and Mark says..

    "oh yes it is" with a forceful gleam in his eyes.


    All The Best!!

    TL
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  • Profile picture of the author talfighel
    If it is not for sale, it makes sense but turning down $10 Billion....That is insane.
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  • Profile picture of the author blueboy0510
    who knows what it could be worth in 5 years, obviously they have a massive value both from a marketing strategy and a social tool. Look what tools like this achieved in the Middle East recently, makes $10b look like chump change
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  • Profile picture of the author HeySal
    Maybe the guys at the top of twitter don't like monopolies.
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    • Profile picture of the author Bill Farnham
      Well, it was probably not a cash offer but rather the bulk of it in stock.

      You can't easily unload that much in stock to turn it into cash.

      If it was cash, that was probably the mistake of the century.
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  • Profile picture of the author MrMarian
    I think it was a great mistake... 10 billion dollars are "more than the perfect price" for twitter.
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  • Profile picture of the author John M Kane
    Twitter remaining to reign at what they do best is far from guaranteed.
    opinions will fly like crazy on this and being the Swami Rhama that I am I can see Twitter proclaiming a big Homer DOH! in the future and prophetic visitation by those ornery triplets Woulda, Coulda and Shoulda and Auntie Why Didntie
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    • Profile picture of the author TimPhelan
      The article says Twitter only makes tens of millions now. However, they just started their advertising in mid 2010. It's estimated their revenue for this year should be around $110 million. Company projections for 2013 revenue are at around $1.5 billion. Last month 35,000 Twitter shares sold for $34.50 each on Sharespost, an implied valuation of $7.8 billion. So, turning down $10 billion doesn't seem as dumb as that article suggests.
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  • Profile picture of the author thunderbird
    If people are happy with what they are doing and already making more money than they can spend, maybe dropping it all for any price is not an attractive option, even if it is billions in stock options (lol).
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