Google and Facebook are talking over acquisition of Twitter for $10 billion

According to the report made by the Wall Street Journal who cited sources familiar with the matter Google Inc and Facebook Inc among others are talking to Twitter executives over possible takeover of the microblogging company.

Executives at Twitter have held "low level" talks with executives at Facebook and Google in recent months about a possible takeover of Twitter, reports the WSJ on its website.

Other companies are also negotiating with Twitter, as noted by the Journal.

"But what's remarkable is the money that people familiar with the matter say frames the discussions with at least some potential suitors; an estimated valuation in the neighborhood of $8 billion to $10 billion," the report said.

Despite the valuation, the report said Twitter's executives and board were working on building a large, independent company.