Twitter Held Discussions for $4 Billion Takeover of Clubhouse

Sources told “Bloomberg” agency that “Twitter” recently held talks to acquire the “Clubhouse” application for $ 4 billion.

The sources revealed that the discussions between the two sides are no longer ongoing, and it is not clear why they stopped.

A spokesman for “Twitter” refused to comment, while a representative of “Club House” did not immediately respond to a request for comment.

Earlier this week, Bloomberg reported that the clubhouse owner was in talks to raise $ 4 billion in financing from investors.

After talks with Twitter failed, Clubhouse began to examine whether it made sense to increase its funding to more than $ 4 billion.

The Clubhouse is barely a year old, but it has attracted the biggest names in business and Hollywood, and social media companies quickly resorted to working on their own versions of Clubhouse, including Twitter.

Twitter shares rose about 3 percent on Wednesday, giving the company a market value of $ 55.1 billion.