Twitter Looked To Acquire Clubhouse In $4B Deal: Report

By Rachit Vats5 days ago

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Twitter Inc (NYSE: TWTR) recently held unsuccessful talks with audio-based social media app Clubhouse for a buyout with a potential valuation of roughly $4 billion, Bloomberg News reported on Wednesday.

What Happened: The acquisition discussions between the two companies have reportedly stalled following which the invite-only audio-based social media has started exploring the idea to raise fresh financing instead from investors that will value the business at $4 billion.

The San Francisco-based Clubhouse allows app users to host their own online podcast shows. Listeners can tune in to hear interviews or discussions on a range of subjects including health, ...

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