Google does not want to buy Twitter right now

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On PBS's Charlie Rose show,  Google CEO Eric Schmidt made it clear that they are "unlikely to buy anything in the short term".

In the interview journalist Charlie Rose asked, "People are excited these days, the lost several months about Twitter. Does Google want to buy Twitter?"

Schmidt answered, "I shouldn't talk about specific acquisitions. We're unlikely to buy anything in the short term partly because I think prices are still high. And it's unfortunate I think we're in the middle of a cycle. Google is generating a lot of cash. And so we keep that cash in extremely secure banks."

"And we'll wait that out. From our perspective, I think the YouTube application and the DoubleClick acquisition which are the two large ones we did last year and the year before, have been phenomenally successful."


 

Written by: Simone Baldassarri Monday, 09 March 2009 00:00 Last Updated on Tuesday, 07 April 2009 01:27
 

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