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Twitter Still Might Save Vine by Selling It

Josh Constine, reporting for TechCrunch:

Vine may survive after all. Twitter is currently vetting multiple term sheets from companies offering to buy Vine, and hopes to make a deal soon, multiple sources tell TechCrunch. After announcing its plan to shut down Vine last month, Twitter received a large number of bids, including several from Asia. It’s now working to decide who should run the short-form video app.

While TechCrunch couldn’t confirm the names of any of the companies interested in Vine, a rumored bidder was Japanese messaging and gaming company Line.

Would be kind of funny for Line to buy Vine.

I was in the media area waiting for Apple to open the doors to their MacBook Pro event last month when the news broke that Twitter was going to shut down Vine. As word spread through the room, every conversation was exactly the same:

“Hey, did you hear Twitter is going to shut down Vine?”

“Wow. Why don’t they sell it instead?”

“No idea.”

Tuesday, 8 November 2016