Twitter Buy TweetDeck For $40 Million

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A few weaks ago a news was rumoring that twitter buys the tweetdeck ,an application fro organizing the display of tweets for more than $50 million.Now finally twitter acquires tweetdeck for $40 Millionin a mix of cash and stock,negotiations were finalised on Monday for $40 million and papers signed allowing Twitter to now add the Tweetdeck application to their other app purchases such as Tweetie and the partnership created with photo add-on TwitPic.Twitter has been known to either downplay third-party apps or acquire them. In the past, Twitter has scooped up popular Twitter iPhone app Tweetie, and partnered with photo add-on TwitPic as it launched its new interface.After a management shakeup, with co-founder Ev Williams out and Jack Dorsey back as head of product, the company is focusing on building and owning Twitter’s most compelling features and interfaces.


Source :  CNN

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