#twitter is reportedly in talks to sell Vine
November 7, 2016 | Uncategorized
Vine may live on with a new owner, according to a new report. TechCrunch says Twitter is now evaluating multiple offers for the short-form video service, which it announced it was shutting down last month. Some of the offers are for less than $10 million, according to the report — less than it reportedly cost Twitter to run Vine for a single month. (The company declined to comment.)
Still, a sale could ensure that the huge archive of Vines remains online at a time when their current host, Twitter, is trying to slash costs. It would also allow the product to evolve after years of near-total stagnation. TechCrunch says that acquisition interest in Vine soared after the outpouring of grief that followed Twitter’s shutdown notice.
