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Wednesday 06 May 2009, San José, Costa Rica  Home Contact Us Subscribe To Our Newsletter
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Apple Targeting Twitter/Electronic Arts/Costa Rica?


Apple Targeting Twitter/Electronic Arts/Costa Rica?

The house that Jobs built is the latest company linked to a potential Twitter acquisition, along with interactive entertainment software giant Electronic Arts. Jon Wilcox reports. FaceBook, Microsoft, and Google have all apparently tried and failed, but now Apple has been linked to a potential acquisition of micro-blogging website, Twitter.

Reports of the us$700 million acquisition talks have surfaced on several sites across the Web, including TechCrunch, which reports a deal could be reached ahead of the Apple Worldwide Developers Conference in June. If accurate, it would mean that Apple has valued Twitter $200 millioni higher than FaceBook, which is rumoured to have had a $500 million deal rejected earlier in the year. Not bad for a Web 2.0 website that is yet to reveal a business model.

To date, the iPod/iPhone/Mac giant has accrued a $29bn war-chest, second to Cisco Systems’ $30 billion, so it could easily afford Twitter. In fact, a second alleged acquisition target for Apple arose today via TheStreet.com, in the form of Electronic Arts. The world’s biggest developer of videogames with a turnover of $3.67bn in 2008, and home to franchises including the massively successful Need for Speed, FIFA, and The Sims, EA had previously been rumoured to be an acquisition target of the Disney Corporation.

As for Costa Rica - with an annual nominal GDP of around $29 billion, it too could potentially be a target for Apple. Let’s face it, everybody else seems to be.
 
 
 
 
 
 

 

 

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