Twitter Acquires Tweetdeck for $40-$50 Million
According to a source that spoke with TechCrunch, Twitter has acquired the London based 15 person Tweetdeck, the company behind the popular cross-platform social networking application of the same name, in a deal worth somewhere in the region of $40-$50 million, consisting of cash and stock in Twitter. This comes after a supposed deal with UberMedia worth somewhere in the $25-$30 million range.
According to the sources TechCrunch spoke with, the move is defensive, as they just couldn’t allow a third party to have such a huge market share in Twitter applications.
Twitter have not announced what they plan to do with Tweetdeck, they could combine the best parts of their official Twitter apps and Tweetdeck, they could leave both apps in the app stores, or they could pull Tweetdeck completely and increase their market share.
(via TechCrunch)
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