Twitter engaged in talks to purchase Flipboard
The next major acquisition for Twitter could be in a social aggregator. The company is reportedly engaged in talks with Flipboard that could result in a deal worth more than $1 billion. Negotiations have been ongoing since the start of the year and Twitter’s CFO, Anthony Noto, has led the way. The deal, if closed, would allow increased synergy for two services thata are all about content consumption.
A Twitter spokesperson responded to the report by saying “We don’t comment on rumor or speculation.”
Source: Re/code
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