If you can't beat 'em, buy 'em out! According to sources close to the deal, Twitter has reportedly acquired TweetDeck, which for those unfamiliar, is an app for organizing the display of tweets, for more than $40 million in a combination of cash and stock.
Granted the deal has yet to be announced, but papers finalizing the deal were said to be signed Monday.
Twitter reps weren't available for comment, but the PR account for Twitter tweeted, "For all those who might be curious, we continue to not comment on rumors." Betaworks was also not immediately available for comment, a key investor in TweetDeck.
As mentioned above, Twitter's history has been to either dismiss third-party apps or buy them out. Awhile ago, the company had bought Twitter iPhone app Tweetie, and also partnered with photo add-on TwitPic, in launching its new interface.
via CNN Money
To keep the theme going, you can follow this article's author, Matthew Tilmann on Twitter
(Image courtesy of The Tech Observer)
ilikeimac
May 25, 2011 at 1:14pm
Twitter confirmed the purchase. blog.twitter.com/2011/05/all-decked-out.html
P.S. MacLife, what's with retweeting this headline after it's old and no longer true?
leicaman
May 25, 2011 at 9:32am
The Microsoft of social networks. That is Twitter nowadays. Embrace and extend, was Microsoft's watchword.
You can't beat 'em? Buy 'em and then deep-six 'em.
Mr. Happypants
May 24, 2011 at 9:11pm
Man, I hope they don't screw with Tweetdeck, it's the only way I can deal with numerous Twitter feeds.
