Google Buys Twitter for $635 Million!!!
Posted on 01. Apr, 2009 by Chad in Online Advertising
Google To Acquire Twitter for $635 million in Stock
Combination Will Create New Micro-blogging opportunities for Users Everywhere
MOUNTAIN VIEW, Calif., April 1st*, 2009 – Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire Twitter, the consumer media company for people to share original 140 character micro experience, for $635 million in a stock-for-tweet transaction. Following the acquisition, Twitter will operate independently to preserve its successful brand and passionate, albeit, board line neurotic community.The acquisition combines one of the largest and fastest growing addictions with Google’s expertise in organizing information and creating new models for advertising on the Internet. The combined companies will focus on providing a better, more comprehensive experience for users interested in tweeting, sharing daily drivel, spamming links and will offer a new opportunities for micro bloggers to distribute their boring lives to reach a vast new audience.
“The Twitter team has built an exciting and powerful media platform that complements Google’s mission to organize the world’s information and make it universally accessible and useful,” said Eric Schmidt, Chief Executive Officer of Google. “Our companies share similar values; we both always put our users first and are committed to innovating to improve their experience. Together, we are natural partners to offer a compelling information service to users and advertisers.”
“Our community has played a vital role in changing the way that people interact in real time, creating a new instant information culture. By joining forces with Google, we can benefit from its global reach and technology leadership to deliver a more comprehensive instant experience for our users and to create new opportunities for our partners,” said Evan Williams, Co-Founder of Twitter. “I’m confident that with this partnership we’ll have the flexibility and resources needed to pursue our goal of building the next-generation platform for sharing information worldwide, hopefully with less fail whales.”
When the acquisition is complete, Twitter will retain its distinct brand identity, strengthening and complementing Google’s own fast-growing business. Twitter will continue to be based in San Francisco, CA, and all Twitter employees will remain with the company. With Google’s technology, advertiser relationships and global reach, Twitter will continue to build on its success as one of the world’s most popular services for micro communication.
The number of Google shares to be issued in the transaction will be determined based on the 30-day average closing price two trading days prior to the completion of the acquisition. Both companies have not approved the transaction, which is subject to customary closing conditions and is expected to close in the fourth quarter of 2009. DISCLOSURE *This is not real and only an April Fool’s Joke*
UPDATE – This joke may become a reality – Story at Techcrunch
22 Responses to “Google Buys Twitter for $635 Million!!!”
April Fools: YouTube Flails, Amazon Cloud Computing In A Blimp, 3D Chrome Browsing, Google Masters A.I.
01. Apr, 2009
[...] AdvertiseSpace: Google To Acquire Twitter for $635 million in Stock [...]
Joshua Schaible’s Blog » Blog Archive » Full List Of Online April Fools Jokes [Everything Geeky]
01. Apr, 2009
[...] AdvertiseSpace: Google To Acquire Twitter for $635 million in Stock [...]
Artem Russakovskii
01. Apr, 2009
“board line”?
April Fools: YouTube Flails, Amazon Cloud Computing In A Blimp, 3D Chrome Browsing, Google Masters A.I. | New Web 2.0 Magazine
01. Apr, 2009
[...] AdvertiseSpace: Google To Acquire Twitter for $635 million in Stock [...]
April Fools: YouTube Flails, Amazon Cloud Computing In A Blimp, 3D Chrome Browsing, Google Masters A.I. | thepagerank
01. Apr, 2009
[...] AdvertiseSpace: Google To Acquire Twitter for $635 million in Stock [...]
Andrew
01. Apr, 2009
Wow, Google is one smart company. Didn’t they just lay off some people?
Actually I wouldn’t be shocked if this joke became a reality.
April Fools: YouTube Flails, Amazon Cloud Computing In A Blimp, 3D Chrome Browsing, Google Masters A.I. | Recopylator
01. Apr, 2009
[...] AdvertiseSpace: Google To Acquire Twitter for $635 million in Stock [...]
Las 10 mejores bromas de April Fools 2009 en internet « Blog de noticias.deviantart.com
02. Apr, 2009
[...] [Identi.ca acquires Twitter] [Google Buys Twitter for $635 Million!!!] [...]
Chris Desouza
03. Apr, 2009
Read the news today! But, I am shocked. I’d rather have Evan keep the company independent.
Chad
03. Apr, 2009
@Andrew – Yup my guess is that this will happen
@Chris – It was only an April fools joke, but some talks are underway
Jesse
03. Apr, 2009
Just followed you back on twitter, checked over your tweets and came here to check out your site. Very nice I must say, and great “accidental” catch on the Google buying Twitter joke… maybe you are psychic, ever try your hand doing fortune telling?
anyhow, thanks for the follow. I will be checking in frequently.
miami design
06. Apr, 2009
I’m glad it was just a joke. I don’t have anything against google per se but I hate how they want to own the whole internet. Sure it could mean that some stuff would work with each other (gmail+twitter for example) but it’d also mean that google takes away more and more of our privacy.
Raymond
18. Apr, 2009
I’m not suprised. Twitter is an amazing service and very unique
Matthias
23. Apr, 2009
As long twitter can be monetized, it will be a takeover target. Google can issue all the stocks they want cos they’re huge !! Someone’s going to be very rich soon…
Gregor Sey
24. Apr, 2009
You got me with that one! hahaha
Sensual photography
13. May, 2009
Why most of the micro-blogging services such Twitter, Plurk, Identi.ca have a limit of 140 characters? not 130 or 150
PB
27. May, 2009
Just followed you back on twitter, checked over your tweets and came here to check out your site. Very nice I must say, and great “accidental” catch on the Google buying Twitter joke… maybe you are psychic, ever try your hand doing fortune telling?
anyhow, thanks for the follow. I will be checking in frequently.
Aditya SEO
13. Jun, 2009
Great deal I hope they haven’t dealt in Zim. $ LOL
Dekoracja Okien
24. Jun, 2009
This wasn’t the best deal imo. Twitter won’t be around for long (I give it 5-6 months tops) so they best make all the money they can of off it now.
Codrut Turcanu I Affiliate Expert
29. Jun, 2009
I wish some day big Google buys one of my companies too
Or, if I’m dreaming with open eyes… hope my company would buy Google one day! lol
Name Adam
25. Jul, 2009
Wish I had read the date of your piece, you really had me going there.
Blogging Tips
17. Nov, 2009
Oh. Realy awesome deal. ANother major income project for Google. Google Rocks