Twitter considered acquiring homegrown platform ShareChat: Report

Twitter appears to be serious about expanding its reach in the Indian market and the microblogging platform reportedly even considered buying homegrown social networking platform ShareChat.

One of the key reasons for eyeing ShareChat is Twitter’s ambition to build a global rival to TikTok through the Moj short video platform, TechCrunch reported.

Twitter offered $1.1 billion, besides a commitment of an additional investment of $900 million, for the acquisition, said the report, citing unnamed sources.