Apple considers stake in Twitter, valuing social network at $US10b

Cash-rich Apple is in talks to take a strategic stake in Twitter, according to a New York Times report.

If it goes ahead, the deal would value the near-revenueless social network at more than $US10 billion – up from a private equity valuation last year of $US8.4 billion.

Neither company would comment.

Twitter is attractive to Apple, which has struggled to gain traction in social networking.

But Twitter, with a reported $US600 million in the bank and multiple suitors, is said to be under no pressure to make a deal.

This article is tagged with the following keywords. Find out more about My Tags

Post Comment

3 Comments & Questions

Commenter icon key: Subscriber Verified

With Apple likely to charge for twitter or make it itunes a mandatory part of twitter I can foresee a mass exodus from twitter. Copuld be the best thing ever to happen to facebook or google plus

Reply
Share

Near revenueless and USD600m in the bank? I have always wondered how social networking sites can essentially remain free and profitable. Advertising obviously is key. But how to make it not too intrusive? Sites like Youtube and Facebook have been able to achieve that in a way, but I wonder, with how much success - and profit?

Reply
Share

People who use Apple products will welcome this piece of news as twitter has a huge following. Twitter can consider investing in Apple as it is a dominant player in the technology industry.

Reply
Share

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7740 -0.0003 -0.04%
AUD 0.9511 0.0005 0.05%
EUR 0.6324 -0.0002 -0.03%
GBP 0.4954 0.0001 0.02%
HKD 6.0039 0.0001 0.00%
JPY 92.5100 -0.0050 -0.01%

Commods

Commodity Price Change Time
Gold Index 1195.4 -2.890 2014-12-19T00:
Oil Brent 61.4 1.580 2014-12-19T00:
Oil Nymex 57.1 2.910 2014-12-19T00:
Silver Index 16.0 0.096 2014-12-19T00:

Indices

Symbol Open High Last %
NZX 50 5518.5 5545.0 5539.3 -0.21%
NASDAQ 4752.6 4782.1 4748.4 0.36%
DAX 9901.3 9901.3 9811.1 -0.25%
DJI 17778.0 17874.0 17778.2 0.15%
FTSE 6466.0 6566.9 6466.0 1.23%
HKSE 23158.3 23189.6 22832.2 1.25%
NI225 17511.0 17621.4 17210.0 2.39%