Tuesday, August 12, 2014

Twitter's Pricetag For Gnip Was $134M

San Francisco-based Twitter paid $134M for social data API developer Gnip, Twitter revealed in its quarterly 10-Q filing yesterday. Twitter said it paid $107.3M in cash plus 0.6 million shares of its common stock for Gnip. The purchase was the largest of five total acquisition in the six months ended June 30th for Twitter, which said it spend another $55.5M in cash and stock for those other companies. Gnip was backed by First Round Capital, Foundry Group, and SoftTech VC. The acquisition of Gnip was announced back in April.