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Apple Offers $700m to Twitter

Posted by in Industry News

According to some reports, Apple is offering Twitter USD $700m for the takeover deal. Sources revealed Apple is in advanced negotiations with Twitter and hope to close the deal by early June. Apple is waving USD $700m in cash in order to compete against Google and Microsoft who are also interested in this micro-blogging website.

Late last year, Twitter has turned down Facebook’s US $500m deal, in which the deal composed of Facebook stock.

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