Twitter signed a purchase agreement yesterday to buy TweetDeck, the desktop application many users of the micro-blogging website prefer. According to a report in CNNMoney yesterday, TweetDeck, which organizes and displays tweets, will be acquired for $40 million in stock and cash.
Reports that Twitter would acquire TweetDeck have appeared in the media frequently over the past months, but now it has been confirmed that papers have been signed, although Twitter continues to be non-responsive on the issue. “For all those who might be curious, we continue to not comment on rumors”, said a tweet from Twitter’s PR account.
TechCrunch reported recently that the two companies were in talks regarding the acquisition and said that TweetDeck would be purchased for between $40m and $50m. TweetDeck was purchased in February by UberMedia, an application developer that owns numerous Twitter clients, but Twitter subsequently blocked UberMedia’s applications, claiming trademark violations, then reinstated them a few days later.
Twitter has been aggressively buying Twitter applications of years. The micro-blogging company in 2008 bought the Summize search engine and converted it into Twitter Search and in 2010 it bought Tweetie which then became Twitter for iPhone.