What many don't realize is that Flipboard is so much more than just a news reader. It's in fact a complete social network. I use it a lot and have great discussions everyday on posts there. So if Twitter wants to acquire Flipboard, I totally understand them. To me Flipboard is more social network than Twitter is at the moment. I think it would be a perfect match.
Twitter has been engaged in an ongoing series of talks to acquire Flipboard, according to multiple sources with knowledge of the situation, in an all-stock deal that would value the company at over $1 billion.
But despite a flurry of activity more recently, sources said these talks between Twitter and Flipboard — who are partners on a number of different fronts — seem to be currently stalled.
Via Twitter Has Held Talks to Acquire Flipboard | Re/code