Breaking: Newscorp to Buy Twitter for $750mm in Cash

Just got confirmation from a very reliable source that Newscorp, eager to repeat its early success with MySpace (though not its later decline) has closed a definitive purchase of Twitter for “at least $750mm in cash.”

“We see Twitter as a key strategic asset for Newscorp,” the source told me, promising “not to muck it up too badly with home page takeover ads, at least, not this year.”

I could not reach @ev or @biz for comment, but since their isn’t their first goat rodeo, and they only have 140 characters to play with anyway, they won’t be making uncomfortably-half-drunk-with-money videos any time soon.

Congrats to everyone, especially Jon Miller, who now has the Web’s hottest growth property to keep an eye on. Hey Jon, you’re on Twitter, aren’t you?!

One clear result of this purchase is that all Fox News anchors will finally start a-tweetin’, and CNN’s constant pimping of the service will certainly dwindle….

UPDATE: This *is* an April Fool’s joke…