According to TechCrunch, two sources close to the negotiations have confirmed the talks between the companies, but have yet to confirm the price.

The micro-blogging site has reportedly turned down an offer from Facebook for $500 million just a few months ago, so most likely Google’s offer will exceed that.

Twitter is often the subject of rumors. There has been speculation of advertising being put onto the site and Twitter announced paid for business accounts last month, but both these ideas have been widely criticized.

Google likes to purchase social networking sites like YouTube back in 2006.

In my opinion now is the time for Twitter to sell. It is at the top of hype mountain.

Of course, Google has declined to comment.