Twitter dismisses reports of Google interest

Mon Feb 14, 2011 12:20pm EST
 
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BARCELONA, Spain (Reuters) - Reports that Google has held takeover talks with Twitter that value the microblogging site at as much as $10 billion are "just a rumor," Chief Executive Dick Costolo said on Monday.

Asked at the Mobile World Congress fair in Barcelona whether Google could afford a $10 billion acquisition, Costolo replied: "I don't know where these things come from. It's just a rumor."

He declined comment on a follow-up question on Facebook, which has also been reported to have held low-level takeover talks with Twitter.

Twitter, which had 175 million users as of September, raised $200 million in a December financing round that valued it at $3.7 billion.

(Reporting by Georgina Prodhan; Editing by Will Waterman)

 
<p>Twitter's CEO Dick Costolo gestures during a conference at the GSMA Mobile World Congress in Barcelona, February 14, 2011. REUTERS/Albert Gea</p>