Twitter held acquisition talks with Clubhouse about buying the invite-only social audio iPhone app, Clubhouse, Bloomberg reports. But the price its being negotiated for is quite huge, that’s to show you how hot Clubhouse is in the market right now.
This month made it a year Clubhouse was officially launched, right after the pandemic hit different parts of the world. Ever since, it has become one of the most used apps in the tech industry.
With rival companies here and there trying everything possible to mimic Clubhouse, the question remians, will they suceed? Even with Twitter create somethig similar (Spaces) it still isn’t satisfied. Its no surprise to hear the company valuing Clubhose at a massive $4 billion.
Twitter and Clubhouse
The report cites sources “familiar with matter” who asked “not to be identified because the matter is private.” It notes that the bargain between both companies is over for now, although we aren’t ure why they stalled.
According to Bloomberg:
“After the talks with Twitter failed to proceed, Clubhouse began to explore whether it made sense to raise financing at that valuation instead.”
According to Crunchbase,, Clubhouse has so far raised $110 million, and has only a small team, including co-founder and CEO Paul Davison, co-founder Rohan Seth, and investor Rahul Vohra. Based purely on return-on-investment, that makes a $4 billion valuation a pretty astonishing price tag.