Twitter acquires TweetDeck for $40 million

Twitter has finalized its purchase of TweetDeck in a $40 million cash and stock deal. Although both Twitter and TweetDeck Refuse to comment on the same. Twitter has been known to either downplay third-party apps or acquire them. In the past, Twitter has scooped up popular Twitter iPhone app Tweetie, and partnered with photo add-on TwitPic as it launched its new interface.

In February, reports surfaced that UberMedia, the leading developer of apps and Web-based services for Twitter users and other social media platforms, was in talks to purchase Tweetdeck.

But the deal never closed.