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May 24, 2011

Tweetdeck Acquired for $40 Million by Twitter

Twitter has now closed the deal acquired TweetDeck for over $40 million in cash and stock, according to CNNMoney Twitter has been rumored to be in takeover talks with Tweetdeck for more than a month.

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.

Neither TweetDeck nor Twitter  has confirmed or denied the news of acquisition
However 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"
Earlier the Wall Street Journal reported that Twitter was in advanced talks to acquire TweetDeck. Another company, UberMedia, had also reportedly been working out a deal to buy TweetDeck.

Ubermedia and Twitter had a showdown  earlier when Twitter suspended UberMedia's three major third-party mobile applications -- UberSocial, Twidroyd and UberCurrents -- from use on its site for allegedly violating its use policies. Twitter reinstated access to the apps a day later.Last month, CNN.com reported that UberMedia is in the process of creating its own microblogging service that would compete directly with Twitter.