Kara Swisher of re/code on recent acquisition discussions between Twitter and Flipboard:
Twitter has been engaged in an ongoing series of talks to acquire Flipboard, according to multiple sources with knowledge of the situation, in an all-stock deal that would value the company at over $1 billion.
Those discussions, which have been pushed by Twitter CFO Anthony Noto, have been taking place since the beginning of the year, said sources, as the social communications giant has faced increasing pressure from Wall Street to grow its audience and innovate its products. But despite a flurry of activity more recently, sources said these talks between Twitter and Flipboard — who are partners on a number of different fronts — seem to be currently stalled.
Still, the concept behind the acquisition are intriguing on all kinds of levels. For Twitter, it would bring an experienced product team — headed by well-known Silicon Valley entrepreneur Mike McCue — to the company.
I love Twitter and love Zite – which was recently acquired by Flipboard – so it will be interesting if this marriage is consummated, and if so, what will become of it.
Twitter desperately needs solid leadership who understands the company, actually drinks their own kool-aid, and is capable of coming up with inventive means of monetizing the platform. It would also be nice to have a Twitter management team who comprehends the importance of third-party developers and tools, who will help push Twitter in areas the company never thought to go.