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Google passed on opportunity to buy Twitter: report


May 21st 2012
19:58
Google+ may or may not be a viable contender in the social networking space, but Google sure is committed to it.
How committed? According to venture capitalist Fred Wilson of Union Square Ventures, which owns a stake in Twitter, Google’s passed up the opportunity to buy the popular microblogging social network several years ago.
“Google hasn’t been interested in buying Twitter since they committed themselves to Google+” Wilson told former TechCrunch chief-turned-venture capitalist Michael Arrington at TechCrunch’s Disrupt conference in New York City.
According to Business Insider’s account of Wilson and Arrington’s on-stage dialogue, Twitter CEO Dick Costolo made an overture to Google several years ago and indicated that Twitter could become a Google property for a sum in the $5bn range, but that Google was so focused on Google+ that it didn’t bite. ....

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