Twitter May Buy TweetDeck for $50M

TwitterTwitter is apparently working on plans to buy TweetDeck, the Adobe AIR-based Twitter client. Negotiations are allegedly in the advanced stages, and could cost Twitter about US$50 million dollars.

News of the deal comes via unnamed sources, according to the Wall Street Journal, but they didn’t have any information on what Twitter would do with TweetDeck should both sides agree on terms.

Twitter is a microblogging-like service where users share thoughts and comments in 140 characters or less. The company offers its own Web-based interface, as well as iPhone and iPad client apps. Buying TweetDeck could lead to new features in the company’s client tools.

Both companies are keeping quiet on the deal, so there isn’t any word yet on whether or not they’ll reach an agreement, or on what TweetDeck’s fate will be should the purchase come through.