Google Not Likely to Acquire Twitter Soon

Google on Twitter

Google CEO has just set the acquisition issue straight: Google is not short on cash but simply has no inclinations to buy Twitter this soon.

Quoting Eric Schmidt during his interview with Charlie Rose

I shouldn't talk about specific acquisitions. We're unlikely to buy anything in the short term partly because I think prices are still high. And it's unfortunate I think we're in the middle of a cycle. Google is generating a lot of cash. And so we keep that cash in extremely secure banks.

[...] Twitter's success is wonderful and it shows you that there are many, many ways to reach and communicate, especially if you are willing to do so publicly.

Watch the full interview here:

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