Twitter acquires TweetDeck for $40 million

Twitter buys TweetDeck. Basically to stop UberMedia from having too much control over Twitter.

From News Rickey:

Social networking website Twitter has acquired TweetDeck, a popular desktop application that enables users to read messages and post updates to Twitter, according to a news report on late Monday evening.

CNN reported that Twitter acquired the business for more than $ 40 million in a mix of cash and stock. If confirmed, the deal would end nearly 6 months of rumors about advanced talks between the two companies.

In February, the Financial Times (FT) newspaper cited sources that company UberMedia – which is formerly known as TweetUp – had offered to pay $ 30 million for TweetDeck. And in mid-April, the Wall Street Journal reported that Twitter was offering to buy TweetDeck for around $ 50 million.