Twitter Has Acquired Tweetdeck for $40-$50 Million

Techcrunch has just reported that Tweetdeck, the makers of the most popular desktop and mobile Twitter apps has just been acquired for about $40-$50 million by Twitter itself, which includes both cash and Twitter stock.

This acquisition was made to counter the offer made by Ubermedia to Tweetdeck which was around the range of $25 – $30 million back in February. Twitter cannot let Ubermedia take over Tweetdeck, because according to Techcrunch:

They(Twitter) simply couldn’t allow UberMedia to have so much market share in this space. The company has acquired UberTwitter, EchoFon and a number of other Twitter-related startups. Adding TweetDeck to the UberMedia stable of products would give them too much leverage over Twitter, say our sources, and so Twitter made a strong defensive bid to disrupt the deal.