Masterclassing Connect

After Announcing its Closure, Twitter May be Looking to Sell Vine

Alex Spencer

VineAfter announcing last week that it would shut down the service, Twitter is reportedly in negotiations to sell the service on.

Twitter has received a large number of bids for the six-second video app business, according to TechCrunch, and hopes to close a deal shortly.

One source puts some offers for Vine at below the $10m mark.

It's not currently known which companies have made bids. However, there are reportedly multiple Asian companies involved, potentially including Japanese messaging firm Line, and Twitter has narrowed down its pool of potential buyers from somewhere in the low double-digits to around five.

 

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