Google is buying Twitter for $20 million, the company announced on Thursday.
Twitter will become Google’s largest acquisition in the company’s history, and is the latest example of a Silicon Valley company expanding its reach into the news industry.
The deal comes just weeks after the company bought Instagram for $1 billion.
The two companies have already signed deals for more than 200 employees, including employees at Twitter’s head office in New York.
It will be up to Google to decide what sort of businesses Twitter will focus on after its acquisition.
“We think this is the right fit for Google,” Twitter chief operating officer Sean Parker told reporters.
“The acquisition will allow us to invest in our core technology and bring more powerful, new capabilities to our users.” “
Twitter is already in talks with news publishers and news sites. “
The acquisition will allow us to invest in our core technology and bring more powerful, new capabilities to our users.”
Twitter is already in talks with news publishers and news sites.
“Twitter has a long history of bringing innovative new capabilities and services to our audience and our users,” Twitter’s chief product officer Chris Messina said in a statement.
“With this acquisition, we will be able to take the next steps in our strategy and expand our reach.”
The deal will give Twitter the resources it needs to take on new competitors, like Snapchat and Facebook.
Snapchat, for example, is growing quickly and has already built a massive following, but it has struggled to keep up with Twitter’s growth.
Facebook is a huge player in the video-sharing space, but its growth has slowed, especially with the launch of Instagram.
Twitter’s acquisition of @jackSONHewitt is another example of the company building out its news and news-related businesses.
It already has its own news app, but the company has had to hire more journalists to cover its stories.
Twitter is also in talks to acquire a few other social media platforms, including Instagram.
“In the coming years, we’ll be adding news teams to all of our businesses to make sure we’re delivering on the news value of our content,” Parker said.
Twitter declined to comment on how many employees the company will add to the company.
The announcement comes after Facebook agreed to buy the startup Snap Inc, but Parker has said the acquisition of the social media platform will happen separately.
Facebook said in March that it planned to spend $1.2 billion to buy Snap.
Instagram also announced on Wednesday that it will buy Vine, a video-streaming service that has had a rocky start.
Instagram said in its earnings call that it has about 50 million monthly active users, and it plans to add 10 million more users in the next few months.