Twitter Inc apparently held discussions in recent months to buy out Clubhouse. The company is planning on acquiring the audio-based social network platform for a sum of 4 billion US Dollars.
According to a Bloomberg report, the social media giant is apparently looking to acquire Clubhouse for the large sum, as per sources close to the matter. These sources added that the discussions have reportedly found a potential valuation of roughly around 4 billion US Dollars. Although, the discussions are no longer ongoing. Unfortunately, it is unknown why the talks have stalled at the moment.
The report also adds that a spokesperson from Twitter declined to comment on the matter. Similarly, a Clubhouse representative has also yet to respond to any requests for a comment. It was recently also revealed that Clubhouse was in talks to raise funding from investors worth 4 billion US Dollars. So after the talks with Twitter ended the social media network is likely to explore raising finances at a round valuation. For those unaware, Clubhouse is an app that lets users host their own online radio shows, where other listeners can tune it to hear interviews or discussions and even participate in a live chat.
Despite the platform being only a year old, it has drawn appearances from some of the biggest personalities in both business and Hollywood as well. It was quickly established as a new and upcoming platform, with other major social media giants also working on launching their own versions of Clubhouse. This includes Microsoft, LinkedIn, Slack, and even Twitter as well to work on similar features.
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