Twitter buys social media dashboard app TweetDeck for $40 million

Posted by Knowlton Thomas

Twitter has officially bought TweetDeck for $40 million, if CNN's early morning report holds true.

The $40-million cash-and-stocks deal would see Twitter own TweetDeck entirely just a month after the Wall Street Journal suggested the two companies may be in talks over a deal.

It was rumoured many months before that, however, that UberMedia held interest in TweetDeck. UberMedia already owns multiple Twitter applications and has long been rivalling with Twitter—so much so that it's been said the company plans to launch its own, similar microblogging service.

Regardless, Twitter appears to have won this round.

Company:
Twitter
Website:
http://www.twitter.com
Location:
San Francisco, California, United States

Twitter is a privately funded startup with offices in the SoMA neighborhood of San Francisco, CA. Started as a side project in March of 2006, Twitter has grown into a real-time short messaging service that works over multiple networks and devices. In countries all around the world, people follow the sources most relevant to them and access information via Twitter as it happens—from breaking world news to updates... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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