Twitter Buys TweetDeck for More Than $40 Million

Mobile Marketing Done Deal: Twitter Takes TweetDeck for More Than $40 MillionOne of the worst kept secrets in social media has come to light this Tuesday morning. As rumored for weeks, Twitter has finally closed its acquisition of TweetDeck for more than $40 million.

TweetDeck is a hugely popular Twitter client for users who enjoy viewing tweets, directing messages, and searching friends and trends on the microblogging platform within one concentrated desktop or mobile screen.

Sources close to the deal say the $40 million comes in combination of cash and stock.

CNNMoney reported this morning that Twitter reps still won’t confirm the purchase, but “the company’s PR account tweeted: ‘For all those who might be curious, we continue to not comment on rumors.’” The sources in question, however, tell CNN that the deal is done.

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