Twitter and Posterous announced on Monday a buyout deal. Twitter, the king daddy of microblogging services in the West, said that it will buy Posterous, a mobile blogging platform started by Y Combinator for unspecified terms.
Posterous’s claim to fame was simplicity. The service focused on allowing users to post from a browser, its iPhone app, or by sending an email.
Twitter said that it intends to bring Posterous’s engineers, product managers, and other employees in to work on Twitter’s platform. Posterous itself, however, will remain up and running for the time being.
“Posterous Spaces will remain up and running without disruption,” both companies said in their respective blog posts. “We’ll give users ample notice if we make any changes to the service. For users who would like to back up their content or move to another service, we’ll share clear instructions for doing so in the coming weeks.”
Posterous confirmed the news in a blog post. As noted above, terms of the deal weren’t announced, but AllThingsD noted that Posterous had previously raised some US$10 million in funding from various venture capital sources.
1 Comments
Backup your Posterous Spaces NOW - if you have a Mac!
http://pfapps.com/apps/PosterousBackup.html
Add your comment