Twitter has reportedly been in talks in recent months to acquire Clubhouse, an audio-based social network popular in the midst of the Covid-19 pandemic. The acquisition value is up to around $4 billion.
This information was published by Bloomberg, who received information from an anonymous source. The source also said the discussion had stopped, he also said he did not know why the discussion had taken place.
A Twitter spokesman declined to comment on this information. Clubhouse representatives also did not immediately respond to requests for comment.
Clubhouse Plans to Raise $ 4 billion in Investor Fund
Earlier this week Clubhouse was reportedly in talks to raise fuusends from investors. It’ll be in a round with a business valuation of US $ 4 billion. After talks with Twitter failed to resume, Clubhouse is said to have begun looking into whether it made sense to raise financing based on that assessment.
Clubhouse is an application that allows users to host their own online radio shows. Listeners can listen to an interview or panel discussion and ask to participate in the live chat.
Launching Tech Crunch, Twitter actually has its own product that is very similar to Clubhouse, namely Spaces. It’s a drop-in audio chat room feature. It has been rolling out gradually to its user base over the last few months.
Whereas Clubhouse has just launched its first monetization attempt, Clubhouse Payment. It allows users to send payments directly to other creators on the platform. It’s provided that person has enabled receipt of those payments.
It is not yet known specifically about the breakdown of talks between Twitter and Clubhouse, it seems that the exorbitant price tag was the culprit, including considering the progress of Spaces.
Read now: How to Make Money from the Clubhouse App
