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Valleywag drops the bomb, says Apple is in final stage of negotiations to buy Twitter for $700 million, a deal to be announced at WWDC in San Fransisco on June 8 according to one insider source.

Well, well, well, two of my favorite subjects possibly coming together. Facebook and Google were rebuffed, Twitter guys have said they want to be independent.

I agree with Gawker's Owen Thomas. I don't see it, unless Apple is looking to reverse their ways when it comes to web initiatives. We all know Apple has been a rather reluctant player in the world of open web and anything they've done that has anything to do with the web has been tied to some sort of revenue stream. Let me just mention .Mac, Mobile Me, iWork.com. They even charged for iChat if you did not upgrade your OS a few years ago.

Not Twitter. All their staff are accessible via Twitter's network, most visible being @ev, @biz, and @jack, the three head honchos, most things they do they explain on their blog, and hardly anything they've done with Twitter on the web is making serious revenue. Apple doesn't really do "free".

Either we wait for Twitter rebuffing the (rumored) deal yet again or we wait for June 8 to pass (June 9 in most parts of the planet)

I'm more interested in the part where they said, "A source who's plugged into the Valley's deal scene and has been recruited by Apple for a senior position…"

Was this recently? If so, anyone between the three new recruits (Papermaster, Drebin, Koduri)?