Google and Facebook in addition to other companies are in talks of taking over Twitter at a whooping price of $10 billion, trusted sources reported.
Twitter last December had raised $200 million in financing in deal which was valued at $3.7 billion. The talks with twitter though are at a “low level”, with Facebook and Google.
The popular website, allows users to flash 140 character messages to a group of followers; currently the website has 175 million users.
None of the parties rumored doing the deal have commented on the news yet.
Twitter though reportedly is not looking at a sellout; instead it is working on building a big independent organization.
The social networking site did not allow any advertisements on its site, but growing competition and need for revenue must have pushed it to give advertisements space on its site.
Twitter doesn't disclose financial information but research shows that it generated an estimated $45 million from advertising in 2010 and is expected to garner close to $150 million in 2011.
The site falls in league with popular social networks like Facebook, LinkedIn, Zynga etc.
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