Apple Shows Interest in Investing Social networking(update: no deal )

Apple Shows Interest in Investing Social networking



Apple reportedly panning in a huge investment to social networking field reported by the New York Times. Apple don't want just start from starting or want create an new platform , recently Apple shows some interest and had talks with the Twitter. 

It won't be a big news as the Mobile Giant want's some tie up with the Micro blogging site. Apple has considered an investment in the hundreds of millions of dollars, one that could value Twitter at more than $10 billion, up from an $8.4 billion valuation last year, Early apple has no significant movement social field if these news are true the sure they have comes with some new changes. but still none of the discussions played in public or had any other agreements. it will be kept unofficial till gets a good response from twitter.

UPDATE : according to  newsday two insiders both approaches failed to result in an agreement.


[source : New York Times]

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