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April 7, 2021, 4:54 p.m. EDT

Twitter considered $4 billion acquisition of Clubhouse: report

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By Jon Swartz

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 /zigman2/quotes/203180645/composite TWTR -0.04% spokesman said the company does not comment on rumors or speculation. Clubhouse was not immediately available for comment.

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. /zigman2/quotes/205064656/composite FB -0.29% Chief Executive Mark Zuckerberg and Tesla Inc. /zigman2/quotes/203558040/composite TSLA +1.33% CEO Elon Musk, as well as the Chinese government, which has blocked the app in that country.

Facebook, Microsoft Corp.’s /zigman2/quotes/207732364/composite MSFT +1.09% LinkedIn and Salesforce.com Inc.’s /zigman2/quotes/200515854/composite CRM -0.71% Slack Technologies Inc. are among the companies said to be developing features similar to Clubhouse for their networks.

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.

/zigman2/quotes/203180645/composite
US : U.S.: NYSE
$ 53.79
-0.02 -0.04%
Volume: 21.75M
May 7, 2021 4:03p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$42.93 billion
Rev. per Employee
$675,700
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 319.08
-0.94 -0.29%
Volume: 15.92M
May 7, 2021 4:00p
P/E Ratio
27.30
Dividend Yield
N/A
Market Cap
$904.74 billion
Rev. per Employee
$1.47M
loading...
/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 672.37
+8.83 +1.33%
Volume: 23.47M
May 7, 2021 4:00p
P/E Ratio
672.98
Dividend Yield
N/A
Market Cap
$647.71 billion
Rev. per Employee
$445,694
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 252.46
+2.73 +1.09%
Volume: 27.03M
May 7, 2021 4:00p
P/E Ratio
34.36
Dividend Yield
0.89%
Market Cap
$1901.42 billion
Rev. per Employee
$877,393
loading...
/zigman2/quotes/200515854/composite
US : U.S.: NYSE
$ 216.50
-1.55 -0.71%
Volume: 5.77M
May 7, 2021 4:00p
P/E Ratio
49.30
Dividend Yield
N/A
Market Cap
$199.66 billion
Rev. per Employee
$375,437
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