No term sheet has been extended, but both companies are apparently thinking about making a move. As we previously reported Google offered $2.5 billion – $4 billion for Twitter this year.
It would be out of character for Facebook to drop $4 billion on Twitter. It mostly buys smaller companies at lower price tags. It also offered $500 million in stock and cash for Twitter two years ago, which Twitter rejected.
Just last week Twitter cofounder Biz Stone said the company wouldn’t sell, not even for $5 billion. That suggests the company would rather raise a fresh round.
Gannes reports DST is offering Twitter a $100 million investment at a $4 billion valuation. (We have heard from sources that DST is interested in Twitter, as well.) It is willing to make a huge investment to beat out Kleiner Perkins and Andreessen Horowitz, which both want to invest in Twitter.
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