Apps & Software

Vine may live on through a sale to another company


The curtain may not yet set on Vine.

Twitter is mulling over a potential sale of Vine, according to TechCrunch’s Josh Constine, who spoke to several unnamed sources within Twitter. The company was reportedly approached by several interested parties after it announced on October 27th it planned to shut down the six second looping video app in “the coming months.”

Twitter has reportedly narrowed the list of potential suitors down to five companies. Japanese messaging company Line is among the bidders, according to TechCrunch.

Twitter is not expected to recoup the cost of acquiring Vine in the first place — the company reportedly spent $30 million in 2012 to acquire the app and its team — with bids coming in as low as $10 million.

When asked to comment on the potential sale, Twitter declined to do so. It’s important to keep in mind that the sale may not go through for any number of reasons.

Related: Twitter to discontinue Vine


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