Twitter Stock- Twitter considered $4 billion acquisition of Clubhouse: report | Shroommarkets| Stock Market Today
Twitter Inc. briefly mulled a $4 billion acquisition of Clubhouse before talks broke off, according to a new report.
A Bloomberg News report, citing unnamed sources, said the microblogging service in recent months considered a takeover. But after discussions ceased, Clubhouse began to explore ways to raise funding from investors in a round valuing the business at about $4 billion, according to another Bloomberg report.
spokesman said the company does not comment on rumors or speculation. Clubhouse was not immediately available for comment.
Twitter shares, which rose 3% during the regular trading session, were flat in extended trading Wednesday.
The invitation-only audio chat app, launched less than a year ago, has caught the attention of Facebook Inc.
Chief Executive Mark Zuckerberg and Tesla Inc.
CEO Elon Musk, as well as the Chinese government, which has blocked the app in that country.
Facebook, Microsoft Corp.’s
LinkedIn and Salesforce.com Inc.’s
Slack Technologies Inc. are among the companies said to be developing features similar to Clubhouse for their networks.
Twitter’s Clubhouse competitor, Spaces, debuted in late 2020, though is still in beta form. The company is considering ways to monetize Spaces, Bruce Falck, Twitter’s head of revenue product, said at a press event Wednesday.
Clubhouse says it has more than 10 million active users each week — among them, Zuckerberg, Musk, Mark Cuban and Oprah Winfrey.