IT Business
Twitter developer Tweetdeck set to be bought by UberMedia
US firm to pay £19 million for UK web company
By Carrie-Ann Skinner | PC Advisor | Published 15:10, 14 February 11
Twitter client TweetDeck looks set to be acquired by a US firm for £19m.
Silicon Valley's UberMedia, which was previously known as TweetUp, is thought to be close to agreeing the terms of the deal with UK firm TweetDeck, which offers free software that lets web users keep update and track of posts on the micro-blogging service.
Also in this channel
Virtualisation, Big Data and BYOD
Check out our Business IT Hub for opinions and briefings. Read more
TweetDeck is currently based in Old Street in London, an area of the UK's capital that the government wants to turn into a British rival to Silicon Valley, and has gained some 20 million users since its launch in 2008.
Sources close to both company told the Financial Times the deal could be completed within the next month
UberMedia has also recently acquired UberTwitter and EchoFon, both of which also offer software solutions for updating Twitter. TweetDeck and UberMedia were unavailable for comment at time of writing.
