AfterDawn: News

No, Apple is not looking to purchase a stake in Twitter

Despite several weeks of rumor that a deal was imminent, Reuters is reporting this weekend that Apple is not looking to take a stake in microblogging giant Twitter.

Earlier reports had claimed Apple was looking to invest hundreds of millions to take a minor stake in Twitter. Some reports said Apple had the discussions last year, while other claimed it was still ongoing.



Reuters says there are no current discussions, although they did not rule out past negotiations occurring.

Apple is not known for buying stakes in companies, preferring to buy them outright.

Twitter has 140 million users, and is valued at above $3 billion.

Written by: Andre Yoskowitz @ 29 Jul 2012 14:34

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• 4 comments

• LordRuss

  Nobody thought Disney would buy out ABC either & look what happened there. Don't dispel anything. Given Apple's almost cult-ish nature anything could happen. Facts are stranger than fiction.
  
  I mean, wasn't there something of a rumor going around a month or two ago surrounding the Apple television & Disney's involvement?
  

  http://onlyinrussellsworld.blogspot.com

  29.7.2012 18:11 #1

• 1nsan3

  who would want twitter? lol. i wouldnt want to be the one to say I own twitter. thats embarrasing.
  since twitter is as bad as facebook. a site for people who sit inside there house with no life and no job. and update there status every 3.7 seconds. lol
  

  For Sale:
  
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  Best Offer!

  29.7.2012 21:40 #2

• Morreale

  Originally posted by 1nsan3: who would want twitter? lol. i wouldnt want to be the one to say I own twitter. thats embarrasing.
  since twitter is as bad as facebook. a site for people who sit inside there house with no life and no job. and update there status every 3.7 seconds. lol The ignorance, ugh.
  

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  29.7.2012 22:42 #3

• LordRuss

  Originally posted by Morreale: Originally posted by 1nsan3: who would want twitter? lol. i wouldnt want to be the one to say I own twitter. thats embarrasing.
  since twitter is as bad as facebook. a site for people who sit inside there house with no life and no job. and update there status every 3.7 seconds. lol The ignorance, ugh. What's ignorant about it? I presume you mean in regards to 1nsan3's statement...
  
  Twitter IMO rhymes with shitter & is about the only good it's used for. I'm taking a shit... I drank a beer... I pissed myself...
  
  Facetious, I know, but basically 'need to NOT know facts' about most nobodies on this planet, who should be trying harder at making themselves better people rather than wandering into traffic with their heads typing inane shit into their phones, supposedly reporting about this 'good life' when if that's all you're doing - is an outright lie.
  
  Wrapping the service up into an equally 'twitter has saved lives' is an equal load of shit, as it has done nothing but add to the sensationalism of the already asinine biased news services who would know how to just 'report', but rather take the opinion of the toothless tornado alley asshole.
  
  As others have said in the past, most people live uneventful lives. The world most certainly doesn't need to know about your conceited endeavors.
  

  http://onlyinrussellsworld.blogspot.com

  30.7.2012 17:51 #4