19
Apr
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I know the subject of Twitter buying another company is not directly related to Android, but considering the importance of the social service in our day-to-day operations and the target of the rumor being TweetDeck, a crowd favorite when it comes to Twitter clients, I thought I'd give this one a mention.

According to a report published today by The Wall Street Journal, Twitter is reportedly in talks to buy TweetDeck for $50 million. This comes after relatively recent news of UberMedia's $30 million bid in cash and stock. As we've seen, UberMedia and Twitter don't have the best rapport, so keeping TweetDeck out of UberMedia's hands may well be in the best interest of Twitter itself.

Twitter, which made $45 million in 2010, is expected to make as much as $150 million in 2011, although The Wall Street Journal puts this figure somewhere closer to $100-110 million. Twitter's latest valuation currently stands at $10 billion, though that figure seems highly inflated to many. Either way, the company wouldn't have a big problem coming up with the money necessary to buy TweetDeck.

Whether either company ends up snatching TweetDeck or not is unclear, but I'd much rather prefer it be Twitter than UberMedia. How about you?

Source: WSJ

Artem Russakovskii
Artem is a die-hard Android fan, passionate tech blogger, obsessive-compulsive editor, bug hunting programmer, and the founder of Android Police.
Most of the time, you will find Artem either hacking away at code or thinking of the next 15 blog posts.

  • JayMonster

    Honestly, neither scenario thrills me at all. UberMedia deatroyed Twidroyd, and Twitter has not impressed me with what they have done since their acqusition. TweetDeck for Android is pretty (but slow) and has some potential, their desktop client is the best out there, but i would expect all the innovation to stop if either of these two took it over.

    • http://robert.aitchison.org Robert Aitchison

      Twidroid was crap before Ubermedia bought them and made the retarded name change. I was a Twidroid user since 2008 and was fully planning on buying the pro version when it was released, until I discovered that they had introduced a time bomb into the last few releases of the regular (pre-pro) client so they would stop working and you'd be forced to upgrade to pro or to the new "free" version which had less features than the original.

    • http://www.AndroidPolice.com Artem Russakovskii

      "since their acquisition" - you mean Twidroyd's, right?

  • Michael Livingstone

    I hope this doesn't happen I love Tweetdeck and I wouldn't want Twitter to ruin it :(

    • http://zalzalaweb.com/jens anakin78z

      Word. No good would likely come from this.

  • http://robert.aitchison.org Robert Aitchison

    I've got mixed feelings, I have no love for ubermedia but Twitter has been very heavy handed and frankly dickish lately.

    Twitter has made no secret that they would like to kill off the twitter client market and force us all to use the official clients on our mobile devices and the web site on our PCs. I'd hope that they would not buy Tweetdeck just to kill it off.

    I would hope that Tweetdeck can stay independent.