Twitter reportedly considered acquiring Clubhouse for $4 billion.

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After clubhouse’s huge success, companies like Twitter and Facebook have started working on their own live audio chat platforms. Interestingly, it seems Twitter has already considered taking over Clubhouse for as much as $4 billion – although the plan hasn’t come out as expected.

As Bloomberg reported, Clubhouse is in talks to raise funds from investors. However, one of the companies that negotiated with Clubhouse is none other than Twitter. The report says both companies have held talks “in recent months,” according to the sources.

Twitter Inc. has been in talks in recent months to acquire Clubhouse, the bustling audio-based social network, according to people familiar with the matter. The companies discussed a possible valuation of about $4 billion for Clubhouse, the people said, and asked not to be identified because the case is private.

While Twitter was considering buying Clubhouse, the company has already given up on that idea for an unknown reason. It’s not hard to imagine the social network realizing that its own clubhouse alternative called Twitter Spaces could become even more popular without having to buy another app.

Clubhouse was introduced in 2020, but only became popular in early 2021 after several celebrities such as Mark Zuckerberg and Elon Musk joined the platform. For those unfamiliar with the app, Clubhouse lets users chat with others via live audio in different rooms. The app, which remains exclusive to the iPhone, reached more than 8 million downloads on the App Store in February this year.

At the same time, Facebook, LinkedIn and even Spotify are working on similar features for their apps. Bloomberg says Clubhouse is still looking for investment, but the future of the social network is uncertain, given the growing competition.

Source: 9to5mac

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