Source Says Twitter Buys Tweetdeck

After two months of back and forth and weeks of speculation, Twitter has finally acquired TweetDeck. TechCrunch is reporting the news of the $40 million to $50 million deal from a reliable source, with an official announcement expected in the coming days.

The final price tag, comprised of cash and Twitter stock, is considerably higher than the $25 million to $30 million reportedly offered by UberMedia for the startup in February. Twitter derailed that almost-signed deal with an unsolicited offer. The company defends its aggressive move by voicing concerns over UberMedia’s large market share of Twitter-related startups.