A rumor pops its head out this morning that Twitter is negotiating to buy Summize, a search engine allowing users to dig through tweets on Twitter. Before we continue, let's take a moment to appreciate the quality snark emanating from David Fry via Twitter rival FriendFeed: One company with no revenue buys another company with no revenue and whose existence depends on the first company?

Yes, that appears to be the case, according to either an unknown British ginger kid with seemingly no connections to anybody in Silicon Valley, or Jason Calacanis, whomever you prefer to get your early rumors from. We're inclined to say "Nice scoop, Josh."

Mike Arrington finagled a source saying the two companies have been in merger talks for a couple of weeks, and perhaps the same spies spotted a posse from Summize haunting Twitter's San Francisco HQ.

Om Malik has his own sources who say a deal is in the works and could be announced as early as next week. Asking price? Well, it seems it would have to be less than the $15 million Twitter recently raised and is not, it would seem, spending on infrastructure.

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