AllThingsD reports that the micro-blogging giant Twitter has bought a video sharing company Vine for an undisclosed amount. Although, the deal was first presented by Peter Kafka and Mike Isaac as an â€śacqui-hire,â€ť later it has being told that the product could still launch at some point.
â€śVine is the best way to capture and share video on your iPhone. No editing. No rendering. No post-production. Video has never been this fun,â€ť Vineâ€™s landing page describes. If Vine had launched, it will definitively going to have other plenty of competition from other video-sharing services.
Well, we are keeping a close deal on what actual price Twitter paid for the company, as soon as we have words will update.