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Twitter reportedly agrees to buy TweetDeck for as much as $50 million

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Twitter has agreed to buy TweetDeck for about $40 million to $50 million, according to a report from TechCrunch.

Officials at the San Francisco-based microblogging site declined to comment on the report and directed the Technology blog to a tweet sent April 18 that said: “We don’t comment on rumors. We don’t provide off-the-record background on rumors. We don’t wink twice or release puffs of smoke abt rumors.”

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On April 18, reports swirled that Twitter was eyeing a takeover of TweetDeck, the London-based maker of an application that sorts Twitter data into a multi-column interface preferred by many who use Twitter for business or marketing.

According to the TechCrunch story, unnamed sources have said Twitter will announce a purchase of TweetDeck in the next few days. The purchase of TweetDeck, one of the most widely used Twitter applications available, would be made using a combination of cash and stock, the report said.

Officials from TweetDeck were unavailable for comment Monday.

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-- Nathan Olivarez-Giles and Jessica Guynn

twitter.com/nateog


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