Twitter Value Spikes on Apple Interest, IPO Soon?

 Editor’s note:As part of our special editorial partnership, Channelnomics is publishing this recent article from CRN in the UK.

Social networking site Twitter has been valued at $11 billion by analysts as the IPO rumor mill goes into overdrive.

According to Forbes‘ Web site, a report by IPO watcher Greencrest Capital suggests Twitter’s preparations for its public debut may begin this year, with an offering set to come in 2014.

Speculation is rife that Apple Inc. is interested in acquiring the company, which sent its valuation northwards.

Twitter chairman Jack Dorsey said last year that Twitter would IPO “when [we] feel the company is ready for that milestone.”

The social networking platform is popular with celebrities, non-celebrities and businesses alike, with CRN recently releasing a Top 50 Channel Tweeters list (based on the most entertaining tweets in 2012) over the Christmas period.

For more UK channel coverage from CRN, visit www.channelweb.co.uk