Name: Twitter considered $4 billion acquisition of Clubhouse: report
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Twitter considered $4 billion acquisition of Clubhouse: report

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Twitter Inc. briefly mulled a $4 billion acquisition of Clubhouse before talks broke off, according to a new report. , citing unnamed sources, said the microblogging service in recent months considered a takeover. But after discussions ceased, Clubhouse began to explore ways to raise funding from investors in a round valuing the business at about $4 billion, according to another Bloomberg report.A Twitterspokesman said the company does not comment on rumors or speculation. Clubhouse was not immediately available for comment. Twitter shares, which rose 3% during the regular trading session, were flat in extended trading Wednesday. The invitation-only audio chat app, launched less than a year ago, has caught the attention of Facebook Inc.Chief Executive Mark Zuckerberg and Tesla Inc.CEO Elon Musk, as well as the Chinese government, which has blocked the app in that country. Facebook, Microsoft Corp.’sLinkedIn and Salesforce.com Inc.’sSlack Technologies Inc. are among the companies said to be developing features similar to Clubhouse for their networks. Twitter’s Clubhouse competitor, Spaces, debuted in late 2020, though is still in beta form. The company is considering ways to monetize Spaces, Bruce Falck, Twitter’s head of revenue product, said at a press event Wednesday. Clubhouse says it has more than 10 million active users each week — among them, Zuckerberg, Musk, Mark Cuban and Oprah Winfrey.Lower car prices might be cheered by car buyers, but they could also mean the Federal Reserve is pushing too hard against inflation, says ARK Invest CEO Cathie Wood.SearchVisit a quote page and your recently viewed tickers will be displayed here.Search TickersNo results found

Twitter Inc. briefly mulled a $4 billion acquisition of Clubhouse before talks broke off, according to a new report. , citing unnamed sources, said the microblogging service in recent months considered a takeover. But after discussions ceased, Clubhouse began to explore ways to raise funding from investors in a round valuing the business at about $4 billion, according to another Bloomberg report.A Twitterspokesman said the company does not comment on rumors or speculation. Clubhouse was not immediately available for comment. Twitter shares, which rose 3% during the regular trading session,...

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Twitter considered $4 billion acquisition of Clubhouse: report

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