Printed from http://www.electronista.com

Twitter said certain to buy TweetDeck for at least $40m

updated 06:15 pm EDT, Mon May 2, 2011

Twitter locked into TweetDeck buyout

Rumors that Twitter would buy TweetDeck firmed up on Monday night after a source said the deal was now settled. The terms reportedly had the app developer being sold for at least $40 million and as much as the $50 million reported earlier. In talking to TechCrunch, the source claimed that it would be formally unveiled within the next few days.

Sustained rumors had TweetDeck possibly selling to UberSocial's creator UberMedia for a much lower $25 million to $30 million and so close that the deal was nearly signed. Twitter reportedly leapt in at the last minute to prevent UberSocial from having too much influence in the Twitter app space after having already gained EchoFon and UberSocial.

Neither party confirmed the deal.

A possible buyout has been rumored as a way of fast-tracking Twitter's expansion into the UK but has already drawn attention from critics worried about consolidation. Twitter bought Atebits and converted Tweetie into the official Twitter app, and a new takeover would put not just a major mobile app into Twitter's hands but desktop and Android apps as well.

Twitter has been trying to discourage excessive Twitter app development and may use the buyout as a way of reducing the diversity of apps.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News