By Yoree Koh And Douglas MacMillan
Several Internet giants have inquired about buying Flipboard
Inc., maker of a newsreader app that has recently signaled it is
open to acquisition discussions, according to people familiar with
the matter.
In recent weeks, Google Inc. and Yahoo Inc. have both reached
out and held early discussions with Flipboard, three of the people
said. Those talks have involved ideas around how products could be
integrated, but they haven't evolved to a price, the people
said.
Talks with Twitter Inc. went further, discussing a deal price of
about $1 billion, these people said. But those negotiations, which
began months ago, have largely stalled since April. Technology news
site Recode earlier reported news of the Twitter talks.
Flipboard aggregates stories from various publishers as well as
users' social networking circles, enabling users to curate their
own news-reading experience into a digital magazine. The startup,
founded in late 2010, said it had 65 million monthly active users
in May, up from 50 million in February.
Write to Yoree Koh at yoree.koh@wsj.com and Douglas MacMillan at
douglas.macmillan@wsj.com
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