Twitter In Talks To Acquire Clubhouse

Twitter Inc. is rumoured to be in acquisition talks with the owners of audio networking platform Clubhouse for a $4 billion.

A recent report by Bloomberg revealed that the talks had been going on for a few months but had now been stalled due to unknown reasons.

READ ALSO: LinkedIn Plans To Launch Its Own Clubhouse-Like Platform

Bloomberg also previously reported that Clubhouse is now looking to raise money at a $4 billion valuation; it’s possible that number came out of these Twitter discussions, or that Clubhouse is shopping that figure around.

Twitter has its own product very similar to Clubhouse — Spaces, a drop-in audio chatroom feature that it has been rolling out gradually to its user base over the past few months.

READ ALSO: Spotify Unveils Plans For Live Audio Clubhouse Competitor

Clubhouse was introduced in 2020, but it only became popular in early 2021 after several celebrities like 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 for iPhone, reached more than 8 million downloads on the App Store in February this year.

Clubhouse just launched the first of its monetization efforts, Clubhouse Payments, which lets users send direct payments to other creators on the platform, provided that person has enabled receipt of said payments.