Price Dispute Sinks TwitFace Merger Talks

Twitter questions value of $500M stock offer from Facebook
By Rob Quinn,  Newser Staff
Posted Nov 25, 2008 2:18 AM CST
Price Dispute Sinks TwitFace Merger Talks
This undated screen shot shows a web pager from Twitter, a short-message social networking site.   (AP Photo)

Merger talks between Facebook and popular newcomer Twitter have ended without a deal, reports All Things Digital. Twitter wasn't satisfied with Facebook's offer of $500 million in stock, apparently concerned that the stock's valuation was too high, say insiders. Twitter also had concerns about how the two would integrate, and wanted to try building its revenue—currently zero—before pursuing a merger.

Twitter's profile has been rocketing up in the web world, irking Facebook founder Mark Zuckerberg, according to some accounts. The deal may be off the table for now but Facebook sources say that they haven't ruled out trying again. "We’d hate to see Twitter go to another company,” one said.
(Read more Twitter stories.)

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