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> While an IPO is a possibility, so is an acquisition. Several months ago, while it was doing its funding round, Twitter had incoming interest from Facebook, wh
by marcamillion 16y ago
> While an IPO is a possibility, so is an acquisition. Several months ago, while it was doing its funding round, Twitter had incoming interest from Facebook, which lobbed in a $5 billion soft offer, as well from Google.
Wait...what? FB offered $5B to buy Twitter? WTF! I guess that Goldman deal has gone to Zuck's head. That seems a bit crazy to me.
With FB revenues of just $1.2B - $2B, that offer was the equivalent of 2X - 3X revenues. I know that it was probably a stock and cash deal - but still. That's ridiculous, when you compare it to what FB is making. Sounds a bit exuberant if you asked me.