Tuesday 3 May 2011

Twitter seeks to buy TweetDeck for up to $50 million

Twitter has made an offer to acquire TweetDeck, a popular third-party software application for using Internet social networking services, for up to $50 million, according to a person with knowledge of the matter.

The cash and stock deal could close in less than ten days, the source said, and would represent one of five-year-old Twitter's largest acquisitions to date.

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Twitter seeks to buy TweetDeck for up to $50 million