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Wednesday, 29 February 2012

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[Report] Twitter Purchases TweetDeck For Between $40 and $50 Million

Twitter has been pushing its own official clients onto more and more devices - including Android - for some time now, and the idea of them buying out another popular Twitter client is certainly not a new one. That's why it won't come as too much of a surprise to hear that Twitter has reportedly acquired TweetDeck for the sum of around $40 - 50 million, a purchase that includes cash and Twitter stock.
UberMedia, who also owns Twitter clients such as Twidroyd, was also in talks to purchase TweetDeck for $25 - $30 million, but Twitter ultimately beat them with a counteroffer. UberMedia's acquisition of TweetDeck would have given the former a huge boost in market share, potentially making Twitter uncomfortable. The deal is expected to be announced in the coming days, and we'll presumably find out the future of this very popular Twitter client then.

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