Twitter acquires TweetDeck for $40 million

By on May 24, 2011 at 11:59 PM.

Twitter acquires TweetDeck for $40 million

Earlier this month we heard reports from TechCrunch that TweetDeck had been acquired by Twitter for $50 million. CNN now says that Twitter has finalized its purchase of TweetDeck in a $40 million cash and stock deal, and that the paperwork was signed on Monday. Neither Twitter nor TweetDeck have confirmed the purchase, and Twitter’s PR team tweeted: “For all those who might be curious, we continue to not comment on rumors.” More →

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Twitter acquires TweetDeck for $50 million

By on May 2, 2011 at 6:20 PM.

Twitter acquires TweetDeck for $50 million

According to source speaking to TechCrunch, Twitter purchased the popular third-party client TweetDeck for between $40 and $50 million on Monday. The Wall Street Journal originally reported that Twitter was in “advanced talks” to purchase TweetDeck – a 15 person company – back in April. Sources speaking to TechCrunch said that Twitter made the purchase in an effort to stop Uber Media, another third party company with a handful of Twitter applications across multiple platforms, from buying TweetDeck first. Neither company has officially announced the acquisition, yet. More →

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UberMedia has plans to build new social network

By on April 13, 2011 at 8:56 PM.

UberMedia has plans to build new social network

UberMedia, best known for its UberSocial Twitter application for Android BlackBerry and iPhone, could have bigger plans up its sleeves. According to CNN, UberMedia is planning to build a social network that will compete directly with Twitter in the microblogging space. UberMedia hopes to attract users that are frustrated with the limitations of Twitter, like the 140-character limit, or are confused by how the service works. The firm is no stranger to the social network landscape. In fact, it estimates that 11.5% of all tweets sent in March were from an UberMedia product. However, CNN also notes that the social network project could be part of a backup plan in case UberMedia’s relationship with Twitter goes south — as it did briefly in February when Twitter accused the company of violating its terms of service. “Our foremost desire is to continue to innovate on the Twitter platform and bring some more users and usage to Twitter,” Steve Chadima, UberMedia’s marketing chief, said. More →

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