Here we go again. More rumors of Twitter being acquired by some company. This time it’s not Google, Microsoft, or Facebook. It’s Apple. I’m taking this (as should everyone else) with a baseball-sized chunk of salt at this point, but when these rumors start to swirl, we can’t just ignore them entirely.
So here’s what the rumors are based on. Owen Thomas of Valleywag writes:
A source who’s plugged into the Valley’s deal scene and has been recruited by Apple for a senior position says Apple and Twitter are in serious negotiations, with the goal of unveiling a deal by June 8, when Apple’s annual Worldwide Developers Conference launches in San Jose.
Twitter turned down a $500 million offer in cash and stock from Facebook, in part because Twitter’s investors couldn’t agree on whether Facebook’s stock was worth as much as Facebook said it was. But Apple could easily pay cash. A source familiar with the thinking of Twitter’s board says the company would be hard-pressed to refuse an all-cash offer in the range of $700 million.
