Popular Twitter service TweetDeck is close to being acquired by a Silicon Valley firm, according to reports.
UberMedia have courted the UK-based firm and the pair could clinch a $30 million (18.75 million) acquisition deal in the near future, the Financial Times reported, citing people familiar with the negotiations.
More than 20 million people have downloaded TweetDeck to manage their Twitter accounts and a number of organisations have asked to work with the creators to implement the service for their employees.
In particular, large news organisations have approached TweetDeck to ensure they keep up with the latest developments as Twitter has become a valuable source of information.
UberMedia has already made a number of moves in the Twitter space, buying up a number of tools and services related to the micro-blogging service.
UberTwitter and EchoFon, designed for tweeting on smartphones, were two recent additions to the UberMedia team.
Indeed, UberMedia was once known as TweetUp. The Californian firm is also part of Idealab the brainchild of Bill Gross, who has had success with tech ventures in the past.
Gross sold his search engine advertising technology provider Overture to Yahoo in 2003 for $1.6 billion.
Neither TweetDeck or UberMedia responded to requests for comment.
With TweetDeck based in London's Silicon Roundabout, the acquisition could offer a boost for the Government's plans to make the area a hub of technological innovation.
Google also recently confirmed it was planning to introduce an Innovation Hub in the East London area.
-
Should AI PCs be part of your next hardware refresh?AI PCs are fast becoming a business staple and a surefire way to future-proof your business
-
Westcon-Comstor and Vectra AI launch brace of new channel initiativesNews Westcon-Comstor and Vectra AI have announced the launch of two new channel growth initiatives focused on the managed security service provider (MSSP) space and AWS Marketplace.
-
Starmer bets big on AI to unlock public sector savingsNews AI adoption could be a major boon for the UK and save taxpayers billions, according to prime minister Keir Starmer.
-
UK government targets ‘startup’ mindset in AI funding overhaulNews Public sector AI funding will be overhauled in the UK in a bid to simplify processes and push more projects into development.
-
UK government signs up Anthropic to improve public servicesNews The UK government has signed a memorandum of understanding with Anthropic to explore how the company's Claude AI assistant could be used to improve access to public services.
-
The UK’s AI ambitions face one major hurdle – finding enough home-grown talentNews Research shows UK enterprises are struggling to fill AI roles, raising concerns over the country's ability to meet expectations in the global AI race.
-
US government urged to overhaul outdated technologyNews A review from the US Government Accountability Office (GAO) has found legacy technology and outdated IT systems are negatively impacting efficiency.
-
Government urged to improve tech procurement practicesNews The National Audit Office highlighted wasted money and a lack of progress on major digital transformation programmes
-
Government says new data bill will free up millions of hours of public sector timeNews The UK government is proposing new data laws it says could free up millions of hours of police and NHS time every year and boost the UK economy by £10 billion.
-
Online Safety Act slammed by rights groups as bill gains royal assentNews The Online Safety Act has been described as a veiled attempt to secure access to encrypted messages
