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UberMedia on track to acquire TweetDeck
[February 14, 2011]

UberMedia on track to acquire TweetDeck


Feb 14, 2011 (CORPORATE IT UPDATE via COMTEX) -- 14 February 2011 - US UberMedia is said to be near an agreement for the acquisition of UK software developer TweetDeck for USD30m (EUR22m), the Financial Times reports citing people with knowledge of the talks.



TweetDeck makes free software that allows users to update and manage social networking sites, including Twitter and Facebook. UberMedia's interest in the UK business comes after the US company took over a number of other tools and services for Twitter recently.

The deal, which is expected to be in cash and stock, is being finalised and could be completed in the coming month.


The two companies were not available for comment.

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