Twitter could save Vine through a saleNovember 8, 2016 - 15:18 AMT PanARMENIAN.Net - When Twitter decided to kill Vine, there was a common reaction: why didn't the company just sell its looping video service instead of reducing it to a memorial? Well, cooler heads might prevail after all. According to Engadget, sources speaking to TechCrunch claim that Twitter is looking at "multiple" bids for Vine that flooded in the moment it put the service on the chopping block. There are no definite suitors, but messaging giant Line is rumored to be in the running. Twitter won't erase its financial concerns if there is a sale, though. Reportedly, some of the offers were modest -- we're talking under $10 million. Given that Twitter is believed to have bought Vine for $30 million, it'd still be taking a loss on its investment in the short term. It beats not selling at all, however, and the company might be entirely happy if there's a Vine revival that preserves Twitter integration. After all, that would mean more users and ad revenue, Engadget said. To no one's surprise, Twitter isn't commenting. And it's important to remember that there's no guarantee any sale will happen, assuming the leak is accurate. Twitter might not get the terms it wants for a deal, or a would-be buyer might develop cold feet. Still, this gives hope to fans who invested significant chunks of their life (6 seconds at a time) into Vine and want to see it healthy again, Engadget said. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |