Twitter considered $4 billion acquisition of Clubhouse
Facebook, LinkedIn, Slack are among the companies said to be developing features similar to Clubhouse for their networks. Twitter launched its own, Spaces, in late 2020
Twitter Inc. briefly mulled a $4 billion acquisition of Clubhouse before talks broke off, according to a new report.
A
Bloomberg News report, citing unnamed sources, said the microblogging service in
recent months considered a takeover. But after discussions ceased, Clubhouse
began to explore ways to raise funding from investors in a round valuing the
business at about $4 billion, according to another Bloomberg report.
A Twitter TWTR,
Twitter
shares, which rose 3% during the regular trading session, were flat in extended
trading Wednesday.
The invitation-only audio chat
app, launched less than a year ago, has caught the attention of Facebook Inc. FB,
Facebook, Microsoft Corp.’s MSFT,