Twitter Acquires TweetDeck

Tuesday May 24th 2011 by Staff

After much speculation, reports say the microblogging service has acquired TweetDeck for more than $40 million in cash and stock.

CNNMoney: Although the two companies have yet to make a formal announcement, unnamed sources say Twitter and TweetDeck have signed a deal. Twitter will pay more than $40 million in cash and stock for the popular app.

Earlier this year, reports said that UberMedia was in talks to buy TweetDeck, but no contracts were signed.

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