Tuesday, May 26, 2015

Twitter Has Held Talks to Acquire Flipboard | Re/code

One way for Twitter to go > 140 characters

"Twitter has been engaged in an ongoing series of talks to acquire Flipboard, according to multiple sources with knowledge of the situation, in an all-stock deal that would value the company at over $1 billion.

Those discussions, which have been pushed by Twitter CFO Anthony Noto, have been taking place since the beginning of the year, said sources, as the social communications giant has faced increasing pressure from Wall Street to grow its audience and innovate its products. But despite a flurry of activity more recently, sources said these talks between Twitter and Flipboard — who are partners on a number of different fronts — seem to be currently stalled."
Twitter Has Held Talks to Acquire Flipboard | Re/code
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