Twitter Eyes Acquisitions, Partnering With More Firms
November 25, 2009 3:49 PM
Twitter Inc., the social networking site known for its short text messages called tweets has told reporters that its acquisition of search engine ‘Summize’ has been highly successful and they look for more acquisitions in near future.
Talking to reporters during a news conference in Tel Aviv, Biz Stone – co-founder of Twitter - told news reporters “As our attention is grabbed by some of these developers, we will take a hard look at them”.
The cash rich company had in September raised $100 million through new rounds of funding from investors including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners. According to analysts tracking the company, these investments have priced the company at $1 billion.
The company which has recently inked deals with Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOG) & LinkedIn to allow access for its real-time content is looking towards partnering with as many websites as is possible.
