Twitter Scoops Up TweetDeck for Around $40 Million

Paul Lilly

You could see this one coming a mile away, or weeks away if you follow our complex conversion algorithm for distance and length of Internet rumors and speculation. Twitter's impending takeover of TweetDeck has been rumored since the beginning of the month, and it's now semi-official. According to reports, Twitter spent more than $40 million acquiring TweetDeck, though the exact figure isn't yet known since Twitter is so far refusing to commit 140 (or less) characters confirming the buyout.

"For all those who might be curious, we continue to not comment on rumors," @twitterglobalpr tweeted .

According to CNN Money , it's a done deal that includes more than $40 million in a mix of cash and stock. All the papers are finalized and all that's left is penning up the press release.

Twitter nearly lost out on the sweepstakes for TweetDeck, an Adobe AIR app that works with Twitter, Facebook, and MySpace, and is one of the most popular clients for Twitter. Back in February, UberMedia almost acquired the service for between $25 and $30 million, prompting Twitter to jump in with a counteroffer, TechCrunch reports .

What do you think about the acquisition? Are you happy Twitter won out, or are you worried the company will just screw things up?

Image Credit: Mashable

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