Twitter and TweetDeck Purchase: Acquisition Reports

Some of you are no doubt fans of Tweetdeck, the desktop and mobile Twitter tool. We recently wrote about a revamp to its iOS version and then earlier this month reported on a possible sale to Twitter worth around $50 million. We can now inform you that acquisition reports have confirmed that the purchase of Tweetdeck by Twitter has now been finalized.

Instead of the $50 million price tag that was previously reported, Tweetdeck eventually sold for over $40 million in cash and stock according to a report by Joel Falconer over on The Next Web. Tweetdeck is a London-based company that was only established by Iain Dodsworth in 2008 so that sounds like a pretty good deal to us. The speculation is that Twitter will now improve its native offerings to users, in much the same way as the more advanced management available through Tweetdeck.

Laurie Segall of CNN Money also reports that although the deal has not been officially announced the actual paperwork was signed and finalized on Monday. The only statement that Twitter has made so far was posted on the company’s PR account with a tweet that says, “For all those who might be curious, we continue to not comment on rumors.” A main investor in Tweetdeck, Betaworks has also not commented on the reports.

What are your thoughts on the Tweetdeck acquisition by Twitter? What do you think it means for the Tweetdeck app? Let us know by sending your comments.