Twitter recently held talks to acquire the Clubhouse app, according to people familiar with the matter.
People, speaking on condition of anonymity, said the purchase talks were about $ 4 billion. The sources added that the discussions are no longer ongoing, and it is not clear why they have stopped.
And earlier this week, Bloomberg reported that the club that owns Club House was in talks to raise financing from investors, amounting to $ 4 billion.
After talks with Twitter failed, Clubhouse began examining whether it made sense to increase its funding to more than $ 4 billion.
The Clubhouse is barely a year old, but it has attracted the biggest names in business and Hollywood. Soon, social media companies turned to work on their own Clubhouse versions, including Twitter.
Facebook takes similar steps as well, as does Microsoft’s LinkedIn and Slack Technologies.
Twitter shares rose about 3 percent on Wednesday, giving the San Francisco-based company a market value of $ 55.1 billion.
Twitter, a rival Clubhouse (Spaces), launched in late 2020, although it is still in its beta phase and not all users can create or host public discussions.
CEO Jack Dorsey said he is optimistic that voice will become a new way for people to interact on Twitter.
At a news event Wednesday, Twitter’s product officer Bruce Falk said the company was studying ways to monetize Spaces, but that these discussions were still in their early stages.