Reuters News
(Reuters) – Reports that Google has held takeover talks with Twitter that value the microblogging site at as much as $10 billion are “just a rumor,” Chief Executive Dick Costolo said on Monday. Asked at the Mobile World Congress fair in Barcelona whether Google could afford a $10 billion acquisition, Costolo replied: “I don’t know […]
ZURICH Feb 10 (Reuters) - There are clear signs of a new internet bubble in corporate valuations, Google's Chief Executive Eric Schmidt said in an interview with a Swiss magazine on Thursday.
Asked about the high valuations being put on companies such as social network company Facebook and game developer Zynga, Schmidt said in an interview with Bilanz: "There are clear signs of a bubble ... But valuations are what they are. People believe that these companies will achieve huge sales in the future."
The Wall Street Journal reported on Thursday that Google, Facebook and others have held low-level takeover talks with Twitter, valuing the company as high as $10 billion.
Asked whether he planned to stay another four years at Google to collect stock awards worth $100 million, Schmidt said: "Yes, that is my plan."
NEW YORK (Reuters) – Groupon said on Thursday Starbucks Corp. Chief Executive Howard Schultz has joined its board of directors and that his venture capital firm has taken a stake in the daily deals website. Schultz’ firm, Maveron, previously invested in retailers such as zulily, which offers daily deals on clothing geared to mothers and […]
SAN FRANCISCO Feb 9 (Reuters) - Influential venture capital outfit Andreessen Horowitz has invested $80 million in microblogging phenomenon Twitter, adding to its growing portfolio of social media names.
The venture capital firm bought Twitter stock on secondary markets for private firms a few weeks ago, joining Kleiner Perkins and other high-profile investors in a 4-year-old website that allows users to send 140-character messages, or "tweets."
(Note: The news was first reported by Kara Swisher at AllThingsDigital. To be clear, the investment does not represent an influx of new capital for Twitter. AH purchased the shares from existing Twitter shareholders.-Ed.)