Twitter Inc. briefly mulled a $4 billion acquisition of Clubhouse before talks broke off, according to a new report.
A Bloomberg News report, citing unnamed sources, said the microblogging service in recent months considered a takeover. But after discussions ceased, Clubhouse began to explore ways to raise funding from investors in a round valuing the business at about $4 billion, according to another Bloomberg report.
A Twitter
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Twitter shares, which rose 3% during the regular trading session, were flat in extended trading Wednesday.
The invitation-only audio chat app, launched less than a year ago, has caught the attention of Facebook Inc.
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Facebook, Microsoft Corp.’s
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Twitter’s Clubhouse competitor, Spaces, debuted in late 2020, though is still in beta form. The company is considering ways to monetize Spaces, Bruce Falck, Twitter’s head of revenue product, said at a press event Wednesday.
Clubhouse says it has more than 10 million active users each week — among them, Zuckerberg, Musk, Mark Cuban and Oprah Winfrey.
