Update: Yappd co-founder Brendan Lim has informed us that the deal for its acquisition will be more of a merger, rather than a relaunch.
Yappd, the visual Twitter clone, has been acquired by an unnamed third party, for an undisclosed amount.
From the looks of it, Yappd will be wholly acquired and fully integrated into the services of the company that’s buying it, so this acquisition looks to be primarily for technology purposes. To that end, Yappd as you know it will be shut down on November 5, and will be reincarnated elswhere, as an integrated solution for a larger entity. See our initial review of Yappd here.
With the very secretive and vague manner in which Yappd has announced its acquisition, it’s rather unclear as to how the technology will be implemented for the next site, or if Yappd even received any monetary compensation for its tools. Several “picture twitters” have emerged over the past few months, and Yappd has its useful features as well as some that would improve its site. We’ll stay tuned for more details regarding this acquisition.
User comment: By: Yappd Acquired »TechAddress[...] into another application. Check out my interview with co-founder Brendan Lim from August. Kristen from Mashable has some additional insights into the [...]
Visit here to subscribe to these commentsUser comment: By: CountRobI'm not into mobile stuff, but this clone managed to stir up some pretty good attention before getting bought. I would say they paid somewhere between 1-5 million, but then again, mobile apps are not my expertise. It's strange how you can make a knock off product and still have it reach some level of success. It wasn't like that in Web 1.0, were even the original sites were failing.
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