Tracking the Internet Evolution

Visit GigaOM

Twitter-Summize Deal Confirmed

Posted on July 15, 2008

Twitter has confirmed that it is buying Summize and rolling it into the San Francisco-based company s main offering. After the rumors of the deal were reported by Josh Chandler last week, I was able to confirm that the deal was done and would be announced on time. So right on time, the two companies made a joint announcement.As indicated in the post, I promised to get some more financial details on the acquisition. Peter Kafka pegs the price at $15 million in stock and cash, though I am much more confident on the information from my sources, who say Twitter gave away north of 10 percent of t...

Original article link


data , vc