Apple in talks to buy twitter for $700 million - that's one way to monetize

disclosure - clicking on image will make you follow me:)Digital media blogs, TechCrunch and Valleywag, both claim to have access to an inside source at Apple who believes the deal is already at the late stages of negotiation, with the hope of completion by June 8. This is so Apple could announce the acquisition of Twitter at its annual Worldwide Developers Conference in San Jose.

Apple’s $700m offer is meant to be a full cash bid - a marked contrast to Facebook’s $500m offer for Twitter last November, which was a cash and stock hybrid offer. The deal failed to go through partially because Twitter’s investors could not agree on whether Facebook’s stock was worth as much as the social networking company claimed it was. When Twitter turned down the Facebook deal, co-founder Biz Stone said the company wanted to remain independent to expand on “its messaging service and there would be no disagreement about the value of its stock”.