Mergers and Acquistions News
Categories: Software
May 24th 2011, 14:06PM
Weeks of rumour and speculation have come to an end this week, with the revelation that Twitter has acquired TweetDeck in a deal worth over $40 million (£24.7 million).
Techcrunch reported today that the amount would be made up of a mix of stocks and cash, and the deal would be firmed up and announced in the next few days.
Twitter has not made an official comment on the matter, but the news provider said a reliable source had provided the information.
The deal, which has been under speculation since the start of the month, will mark the biggest made by the micro-blogging site since it was established five years ago.
It will provide the popular site with software to improve interface and enhance capabilities, Reuters reported earlier in May.
Twitter has been in the news recently, after users named the footballer who was the subject of a super-injunction to protect his privacy in claims of an affair with former Big Brother housemate Imogen Thomas.
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