The deal values the firm at more than $9 billion.
"Executives at both Facebook and Google, among other companies, have held low-level talks with those at Twitter Inc in recent months to explore the prospect of an acquisition of the messaging service," The Wall Street Journal reported, citing a person familiar with the matter.
The online messaging company is ramping up hiring to expand its business ahead of the initial public offering.
Attributing to people familiar with the situation, The Wall Street Journal said, Twitter Inc is nearing a deal to garner as much as $100 million that would buy the fast-growing Internet-messaging company more time to chalk out its business model.
The office will be headed by Twitter executive Peter Greenberger.
In a lawsuit filed in US District Court in Manhattan, Precedo Capital Group Inc and Continental Advisors SA accused Twitter of using the aborted sale as a means to give the money-losing company a $10 billion market valuation and higher IPO price.
The layoffs will mainly be in the company's product and engineering functions.
The bid by Facebook highlights the company's efforts to accelerate its push into video as it tries to take advertising dollars from television and increase the time people spend on its platform.
The rights on offer are Indian Sub-continent Television Rights from 2018 to 2027 (10 IPL seasons), Indian sub-continent Digital Rights from 2018 to 2022 (5 IPL seasons) and Rest of the World Media Rights from 2018 to 2022 (5 IPL seasons).
Facebook, which announced the move in a post on its official blog on Wednesday, is working with streaming music services Spotify, Rdio and Deezer to offer the music previews.
Dorsey works to rebuild employee morale and confidence at Twitter after a spate of high-level departures.
The new rules do not mention Islamic State or any other group by name
Twitter may launch the service toward the end of the first quarter but has not set an official date
'Anyone on Indian Twitter, Facebook, or any of the other forms of social media that matter (except elite forums like Instagram) understands instantly that it is dominated by upper-caste North Indian men.' 'Other voices are silenced and attacked,' says Mihir S Sharma.
A summary of sports events and persons who made news on Monday.
Blacks and Hispanics make up about 18 percent of Apple's workforce, a ratio that is about triple of those of most other tech firms.
Twitter Inc named Anthony Noto as CFO, putting the well-regarded former Goldman Sachs executive who led its successful November IPO in charge of finances.
More than 60 per cent followers of Mehdi Masroor Biswas, the Bengaluru-based executive, who was running a pro-Islamic State Twitter account, were non-Muslims and a majority of his Muslim followers were from western countries, particularly the United Kingdom, Home Minister Rajnath Singh said on Monday.
A summary of sports events and sports persons, who made news on Wednesday
Twitter is planning to replicate parts of its India election strategy across countries that go to polls this year, after it emerged as a key tool for politicians and media companies during the world's largest democratic exercise.
Adam Bain, the company's president and head of revenue, has emerged as an early favorite.
Before it backtracked, Twitter had said Thursday that the change was meant to protect victims of harassment who wanted to filter out abusive messages but feared that the act of blocking a user would prompt retaliation.
Among the biggest winners of a successful IPO would be co-founder Evan Williams with a 12 per cent stake.
The company has an estimated user base of 22.2 million in India.
The valuation was more conservative than the $15 billion some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise.
Shortage of top engineering talent in Silicon Valley is inflating paychecks.
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The eight-year-old online messaging service gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents, setting the stage for one of the most-anticipated debuts in over a year.
Sahara relied on a letter from bank saying the funds were there.
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