Twitter set to purchase Tweetdeck instead of Ubermedia

In an effort to disrupt UberMedia’s growing hold on Twitter-related companies, Twitter has all but finalized a deal to purchase Tweetdeck for a reported $40 to $50 million.  UberMedia is said to have made an offer for Tweetdeck in the $25 to $30 million range, but Twitter quickly countered with a much higher offer, leaving Tweetdeck no real choice but to sell.  Twitter’s offer includes both cash and lucrative stock options.  The purchase seems to be relatively defensive, as Twitter did not want UberMedia to control such a large amount of Twitter-related startups, as that might give them more leverage than Twitter is willing to part with.



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In an effort to disrupt UberMedia’s growing hold on Twitter-related companies, Twitter has all but finalized a deal to purchase Tweetdeck for a reported $40 to $50 million.  UberMedia is said to have made an offer for Tweetdeck in the $25 to $30 million range, but Twitter quickly countered with a much higher offer, leaving Tweetdeck no real choice but to sell.  Twitter’s offer includes both cash and lucrative stock options.  The purchase seems to be relatively defensive, as Twitter did not want UberMedia to control such a large amount of Twitter-related startups, as that might give them more leverage...

In an effort to disrupt UberMedia’s growing hold on Twitter-related companies, Twitter has all but finalized a deal to purchase Tweetdeck for a reported $40 to $50 million.  UberMedia is said to have made an offer for Tweetdeck in the $25 to $30 million range, but Twitter quickly countered with a much higher offer, leaving Tweetdeck no real choice but to sell.  Twitter’s offer includes both cash and lucrative stock options.  The purchase seems to be relatively defensive, as Twitter did not want UberMedia to control such a large amount of Twitter-related startups, as that might give them more leverage than Twitter is willing to part with.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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