Industry blog Valleywag claims an inside source at Apple is involved in advanced negotiations with Twitter, aiming to seal a deal by June 8, when Apple is due to host its Worldwide Developers Conference.
Last November, , although it was understood that the deal was composed of Facebook stock, the value of which was disputed.
Apple is said to be waving an offer of $700m in cash in front of Twitter, possibly edging out .
Apple recently completed a gushing business profile of Twitter which it posted online, titled ""
The Valleywag blog post was written by editor Owen Thomas, who announced this month he is leaving the website to work for NBC.
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