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Twitter reportedly buying TweetDeck for more than $40 million

May 24, 2011 |  8:08 am

TweetDeck

Twitter has been rumored to be in takeover talks with Tweetdeck for more than a month, but the deal is now finalized, according to a report from CNNMoney.

"Twitter has acquired TweetDeck, an application for organizing the display of tweets, for more than $40 million in a mix of cash and stock, according to sources close to the deal," CNNMoney said in its report.

"The deal has yet to be announced, but papers finalizing the deal were signed Monday."

The Wall Street Journal and the blog TechCrunch reported last month that Twitter was going to buy TweetDeck for as much as $50 million.

Twitter has yet to comment directly on any of the reports of a deal, and officials at the San Francisco-based social network declined to comment on the latest report.

Instead, a Twitter spokeswoman directed the Technology blog to a tweet from @TwitterGlobalPR:

For all those who might be curious, we continue to not comment on rumors.

TweetDeck is a particularly popular Twitter client for "power users" who want to view tweets, direct messages, lists, search trends and other information from the microblogging platform in the same desktop window -- a feature Twitter itself doesn't offer in its apps or on its website.

Among the rumors was that Pasadena-based UberMedia, the maker of popular Twitter apps such as Echofon, Twidroyd and UberSocial, was also bidding to buy TweetDeck.

On Monday, UberMedia released another new Twitter client -- this time for the desktop and designed by actor and tech investor Ashton Kutcher -- called A.Plus.

RELATED:

Twitter in talks to take over TweetDeck

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

Ashton Kutcher and UberMedia release A.Plus Twitter app built for desktops

-- Nathan Olivarez-Giles

twitter.com/nateog

Image: A screenshot of TweetDeck. Credit: TweetDeck

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