TWITTER ON THE PROWL AGAIN

Tech companies are always prowling around to in order to take over start-ups in order to boost their capacity as well as expand their frontiers. Entering into such new partnership will lead to an increased competition in an already saturated competitive market.

According to a report released recently by research firm PrivCo on the number of start-ups bought by tech companies, reveal that Facebook and Google bought 16 companies, Twitter and Cisco bought 10 GroupON (restaurant and bar) bought 12.

Twitter had bought Periscope, a video sharing start-up at a price above 50 million dollars. Now, the 302 million user companies is ruminating about buying Circa, a News sharing website incorporated in 2012.

Earlier in the year, the San Francisco based company with a 20-member staff had announced that it failed to raise the venture capital investment required to grow the start-up. Hence, it shouldn’t be surprising that Twitter is contemplating buying the start-up tech company.

Matt Galligan says, “We didn’t put Circa up for sale. “We’ve got a term sheet for a Series A on the table, but after evaluating all the inbound interest from potential acquiring parties, we decided we wanted to give more attention to those conversations.”

Jovago.com, hopes that these conversations will lead to the acquisition by twitter soon because many Media Start-ups have liquidated due to inability to get funding.