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Twitter confirms TweetDeck purchase

Updated Dec 19th, 2018 7:16PM EST

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Twitter’s CEO, Dick Costolo, has confirmed that his firm has purchased TweetDeck, the popular third-party client. In a blog post published on Wednesday morning, Costolo said that Twitter will continue to invest in TweetDeck, which Costolo sees as a powerful platform for brands, marketers, and publishers. Iain Dodsworth, the CEO of TweetDeck, said his team will remain in London “with the same focus and products, and now with the support and resources that allow [it] to grow.” While will still be the go-to destination for consumers, TweetDeck hopes that its service will continue to be used by “brands, influences, the highly active and anyone that just needs “more power.” Terms of the acquisition were not disclosed although early reports suggested Twitter paid $40 million in cash and stock.