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Twitter Turns Down a $500 Million Offer from Facebook
Twitter has reportedly turned down a $500 million acquisition offer from Facebook on 24th Nov 2008. Twitter executives believed it was worth taking a shot at creating their own revenue-generating system before giving up the company to acquisitions. And, BoomTown’s sources say that the $500 million offer, which was an all-stock form, was seen as being “inflated,” since Facebook’s actual valuation is said to be close to $5 billion.
Image Courtesy : Trevor Mauch