Micro blogging giant Twitter is said to have held low level acquisition talks with Google Inc. (Nasdaq: GOOG) and Facebook.
Executives at search giant Google and social networking leader Facebook, among other firms, have held low-level talks with those at Twitter Inc. to explore the prospect of an acquisition of the messaging service, the Wall Street Journal reported citing people familiar with the matter.
Twitter has been valued between $8 billion to $10 billion, the Journal said.
However, the talks have so far gone nowhere, the Journal added..
The latest development comes as the valuations of social networking sites surging amid strong investor interest. Late January, LinkedIn filed to raise up to $175 million in an IPO, becoming the first social networking company to start the process of becoming publicly traded.
Meanwhile, Facebook is also speculated to file for IPO and has been valued at $50 billion.