Twitter Closes TweetDeck Acquisition For Between $40-$50 Million

Posted May 2, 2011

Twitter has closed the acquisition of TweetDeck according to a source with TechCrunch. Twitter is putting in between $40-$50 million in cash and Twitter stock to acquire TweetDeck. UberMedia was close to acquiring TweetDeck, but Twitter came in and made an unsolicited offer. Twitter did not want to allow UberMedia to have too much market share in Twitter-related applications and companies. [TechCrunch]