Home » Business » Apple, Twitter not now in discussions for stake: sources

Apple, Twitter not now in discussions for stake: sources

Sat Jul 28, 2012 4:24pm EDT

SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) and Twitter are now not in discussions on a mobile record hulk holding a interest in a renouned amicable networking site, sources informed with a matter said.

Apple in new months has hold negotiations with Twitter to try investing hundreds of millions of dollars in a company, The New York Times reported on Friday, citing people briefed on a matter. The Wall Street Journal pronounced such contention were hold over a year ago, citing a chairman informed with a matter.

It is misleading if a dual companies talked about a understanding in a past and during what turn such discussions were held, though there are no current, grave talks between a companies on an investment or acquisition, a sources said.

Both Apple and Twitter declined to comment.

The iPhone and iPad builder typically does not take equity stakes in companies and prefers to acquire technologies by shopping adult smaller startups that are obtuse known. Twitter executives have pronounced regularly they are in no rush to find additional financing, possibly secretly or on open markets, given they have “truckloads” of cash.

Apple has never delved deeply into a amicable media space dominated by Facebook Inc (FB.O), though it has dabbled in perplexing to make song some-more amicable by rising a amicable network on iTunes called Ping, that has not held on.

Twitter, a Internet materialisation with some 140 million users that allows people to “tweet” 140-character messages, is already good integrated into Apple smartphones and tablets. Apple business can directly share their comments on Twitter when on their iPhones, iPads or Mac line of computers.

Twitter, a San Francisco-based startup that is noticed as a many poignant claimant for a open markets following Facebook, is ramping adult a efforts to beget income from a 400 million tweets that cranky a networks daily.

(Reporting By Poornima Gupta and Jonathan Weber; Editing by Peter Cooney)

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