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Twitter said to have held discussions for US$4 billion takeover of audio-based social network Clubhouse
- The two social media companies held talks in recent months, putting the valuation of Clubhouse at roughly US$4 billion
- Major tech firms, including Microsoft, Facebook and Twitter, have gone to work on their own versions of Clubhouse, as the audio chat app’s popularity soared
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Twitter held talks in recent months to acquire Clubhouse, the buzzy audio-based social network, according to people familiar with the matter.
The companies discussed a potential valuation of roughly US$4 billion for Clubhouse, the people said, asking not to be identified because the matter is private. Discussions are no longer ongoing, and it is unclear why they stalled, the people added.
A Twitter spokesman declined to comment. A Clubhouse representative did not immediately respond to a request for comment.
Bloomberg News reported earlier this week that Clubhouse is in talks to raise funding from investors in a round valuing the business at about US$4 billion.

After the talks with Twitter failed to proceed, Clubhouse began to explore whether it made sense to raise financing at that valuation instead.
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