New reports have emerged citing a possible acquisition of TweetDeck by the micro blogging and social networking heavyweight Twitter.
According to Michael Arrington at TechCrunch (opens in new tab) the financial details of the deal shall be released to the public soon enough.
But it has been widely speculated that the acquisition, if it did take place, has cost Twiiter somewhere between $40 - $50 million, and includes cash and stock.
Twitter executives declined to comment on these rumors saying that its not a company policy to issue comments or clarify their stand on speculations.
An official tweet by the company stated, “"We don't comment on rumors. We don't provide off-the-record background on rumors. We don't wink twice or release puffs of smoke abt rumors."
London based TweetDeck is popularly known for its application that manages Twitter data into a categorised interface which is preferred by many, especially those who use the microblogging site for business or office related work.
TweetDeck representatives also refrained from giving any comment regarding this rumored acquisition.
According to previous reports, UberMedia was working on a deal to purchase TweetDeck, which would have made it the clear market leader among third party social networking apps.