Apple ready to invest in Twitter

Apple ready to invest in Twitter

New York City : NY : USA | Jul 29, 2012 at 6:17 AM PDT
Views: Pending
Facebook and Ping have yet to meet but Twitter and Ping got together on Thursday

iPhone and iPad maker Apple Inc. recently talked with Twitter officials on the possibility of investments in the micro blogging site. According to the New York Times, Apple is cosidering to invest hundreds of millions of dollars which could Twitter’s value from $8.4 billion to $10 billion. Both Apple and Twitter declined to comment on the issue.

It is assumed the two may form a strong bonding to comepete with Google and Facebook. Twitter currently has more than 140 million monthly active users and $600 million cash in hand. They also consider to pursue a public offering within the next few years.

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Apple ready to invest in Twitter
Apple Inc. ready to invest in Twitter
Pijush Mitra is based in Kolkata, Bangla, India, and is a Reporter on Allvoices.
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