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Google chief Eric Schmidt said this weekend in a interview with Charlie Rose that his company is not interested in buying Twitter, which he described as a “poor man’s email system,”claiming the price is too high.

I shouldn’t talk about specific acquisitions. We’re unlikely to buy anything in the short term, partly because I think prices are still high. And it’s unfortunate I think we’re in the middle of a cycle. Google is generating a lot of cash. And so we keep that cash in extremely secure banks.

Not everyone is buying it however. Schmidt professed the same sentiment back in 2006 when asked if Google was going to buy YouTube, then turned around and bought the popular video service for $1.65 billion. However it doesn’t appear that Twitter particularly wants to be bought. They recently turned down a $500 million offer from Facebook.

It does beg the question what would Google do with Twitter anyway?  Would they integrate Google Ads in your tweets, finally giving Twitter a true business plan?  Then again, if they did buy the service, they might not make any major changes like when they bought YouTube.  We’ll keep an eye out and let you know more as it happens.

Read [TechNewsWorld]