Home Stock Market Twitter consider a $ 4 billion acquisition of Clubhouse: report

Twitter consider a $ 4 billion acquisition of Clubhouse: report


Twitter Inc. have briefly considered the $ 4 billion acquisition of Clubhouse before talks begin, according to a new report.

A report by Bloomberg News, citing anonymous sources, said microblogging service in recent months is considered a takeover. But after the discussions ended, Clubhouse began looking to raise capital from investors during a round of corporate valuation around $ 4 billion, according to another Bloomberg report.

One Twitter
TWTR,
+ 2.97%

A spokesperson said the company did not comment on rumors or speculations. The Clubhouse was not available for immediate comment.

Twitter shares, up 3% in normal trading, were flat in Wednesday’s session.

The invitation-only audio chat app, launched less than a year ago, caught the attention of Facebook Inc.
FB,
+ 2.23%

CEOs Mark Zuckerberg and Tesla Inc.
TSLA,
-2.99%

CEO Elon Musk, as well as the Chinese government, has blocked the app in that country.

Facebook, Microsoft Corp.
MSFT,
+ 0.82%

LinkedIn and Salesforce.com Inc.’s
CRM,
-0.14%

Slack Technologies Inc. is among the companies that are reportedly developing Clubhouse-like features for their networks.

Twitter’s Clubhouse competitor, Spaces, launched in late 2020, though still in beta. The company is looking at ways to monetize Spaces, Bruce Falck, Twitter’s head of revenue products, said at a press event Wednesday.

Clubhouse says it has more than 10 million weekly active users – among them Zuckerberg, Musk, Mark Cuban and Oprah Winfrey.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments