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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Facebook, Twitter in talks but no deal: report AFP - 2 hours 53 minutes ago WASHINGTON (AFP) - - Facebook, the fast-growing social network, offered to purchase micro-blogging service Twitter for 500 million dollars in stock but the talks broke down over price, AllThingsD.com reported Monday. "Several weeks of serious talks" about a purchase of Twitter by privately held Facebook began in mid-October but broke down about three weeks ago, said the website which covers technology, media and the Internet. AllThingsD quoted "sources on both sides" as saying the 500 million dollar bid was an all-stock offer based on the 15-billion-dollar valuation of Facebook from Microsoft's purchase of a 1.6-percent stake in the company for 240 million dollars in October 2007. "The Twitter side felt that figure was inflated and the shares should be valued at the lower figures that have also been reported for Facebook's true valuation, more in the five billion dollar range," it said. "That would have given the deal a 150 million dollar price tag, which was seen as too low, especially since it was in Facebook stock and not cash," AllThingsD added. It said the San Francisco-based Twitter wanted cash or Facebook stock at an even lower valuation than five billion dollars. Twitter's investors and executives were also reluctant to sell, AllThings D said, because they still hope to build a revenue model for the service, which is wildly popular but has yet to develop an income stream. "Facebook has its own revenue-generating challenges," AllThingsD quoted one person close to the company as saying. "As much as Twitter would give them a lift in the status area, it was still a worry." Twitter claims six million users of its service, which allows users to send short messages known as "tweets" of 140 characters or less. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines US taps online youth groups to fight crime, terrorismAFP - 2 hours 12 minutes ago Facebook, Twitter in talks but no deal: reportAFP - 2 hours 53 minutes ago Facebook welcomes court ruling against Canadian spammerAFP - Tuesday, November 25 "AWESOME!": YouTube goes liveAFP - Sunday, November 23 Related Articles: Technology Solid quarter for HP on strong laptop salesAFP - 1 hour 13 minutes ago US taps online youth groups to fight crime, terrorismAFP - 2 hours 12 minutes ago Facebook, Twitter in talks but no deal: reportAFP - 2 hours 53 minutes ago Facebook welcomes court ruling against Canadian spammerAFP - Tuesday, November 25 "AWESOME!": YouTube goes liveAFP - Sunday, November 23 Enlarge Photo The logo of social networking website 'Facebook' is displayed on a computer screen. Facebook, the fast-growing social network, offered to purchase micro-blogging service Twitter for 500 million dollars in stock but the talks broke down over price, AllThingsD.com reported Monday. Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed Michael Jackson strikes 'amicable' deal with Arab sheikh Obama plans second stimulus package of up to 700 bln dlrs: report Slump in Europe spreads wider Massive 300-billion dollar rescue for Citigroup Over 200 narwhal trapped in Canadian ice View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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