Twitter may be trying to buy Flipboard

Twitter (by Owen Williams)
Credit: TNW

Twitter is reportedly in discussions to purchase Flipboard. Citing sources familiar with the matter, Re/Code is reporting Twitter wants to purchase Flipboard in an all-stock deal that would value Flipboard north of $1 billion.

The ongoing talks have been occuring since the beginning of the year, and spearheaded by Twitter CFO Anthony Noto.

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Why Twitter might be interested in Flipboard is not known, but curation may be Twitter’s aim. Flipboard recently purchased Zite, a competing site with personalized curation tools. Flipboard’s advertising muscle is also something Twitter may be interested in.

When we reached out for a response to this report, a Twitter spokesperson would only say “We don’t comment on rumor or speculation.”

➀ Twitter Has Held Talks to Acquire Flipboard [Re/Code]

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