Twitter Has Bought Tweetdeck, Says Report

Twitter has signed a deal to buy Tweetdeck for cash and stock worth $40 million to $50 million, reports Michael Arrington at TechCrunch.

 

The Wall Street Journal first reported that talks were underway last month, but a source told TechCrunch that the deal is done and will be announced soon. Investor Bill Gross tried to buy TweetDeck in February to add to his stash of other social apps, including mobile Twitter app Echofon, but the deal was never signed and Twitter quickly made a counteroffer.

About 10% of Twitter users access the service through Tweetdeck’s software, but it’s the preferred client for a lot of power users, so is more important to Twitter than its market share might suggest.

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