You will be redirected back to your article in seconds

Twitter in Talks to Sell Vine (Report)

Vine may not be shuttered, after all: Twitter has been approached by multiple companies looking to sell the six-second video sharing service and is now evaluating those bids, according to a Techcrunch report. Some of these possible acquirers are apparently from Asia, with rumors pointing to Japanese messaging app Line as one suitor.

Twitter announced its plans to shut down Vine last month. The company said at the time that it wanted to keep the Vine website and video archive online for the time being, but turn off the service’s mobile apps within the next couple of months. The news came shortly after Twitter told investors that it was cutting its workforce by 9 percent.

Operating Vine reportedly costs Twitter $10 million a month. Coincidentally, some of the offers that Twitter got for Vine are for less than $10 million, according to Techcrunch.

Vine’s popularity has waned over the last two years with the growing popularity of Snapchat and video on Instagram, and many creators stopped posting on the service months ago. News of a impending shut-down of Vine nonetheless caused for an uproar amongst internet users, which could potentially have swayed Twitter towards selling the service.

A Twitter spokesperson declined to comment on the report.

Separately, Vine announced Monday that it was building a tool to allow users to export their Vines.

https://twitter.com/vinehelp/status/795756192006074368

 

More Digital

  • Twitch_Prime

    Twitch Drops Ad-Free Viewing for Prime Members

    Vine may not be shuttered, after all: Twitter has been approached by multiple companies looking to sell the six-second video sharing service and is now evaluating those bids, according to a Techcrunch report. Some of these possible acquirers are apparently from Asia, with rumors pointing to Japanese messaging app Line as one suitor. Twitter announced its […]

  • virtual reality

    Google and Imax’s VR Camera Project Canceled (EXCLUSIVE)

    Vine may not be shuttered, after all: Twitter has been approached by multiple companies looking to sell the six-second video sharing service and is now evaluating those bids, according to a Techcrunch report. Some of these possible acquirers are apparently from Asia, with rumors pointing to Japanese messaging app Line as one suitor. Twitter announced its […]

  • Nvidia's New RTX Graphics Cards Run

    Nvidia's New RTX Graphics Cards Run $500 to $1,200

    Vine may not be shuttered, after all: Twitter has been approached by multiple companies looking to sell the six-second video sharing service and is now evaluating those bids, according to a Techcrunch report. Some of these possible acquirers are apparently from Asia, with rumors pointing to Japanese messaging app Line as one suitor. Twitter announced its […]

  • Nicki MinajCFDA Vogue Fashion Fund Gala,

    Spotify Rep Responds to Nicki Minaj's Claims That It Penalized Her

    Vine may not be shuttered, after all: Twitter has been approached by multiple companies looking to sell the six-second video sharing service and is now evaluating those bids, according to a Techcrunch report. Some of these possible acquirers are apparently from Asia, with rumors pointing to Japanese messaging app Line as one suitor. Twitter announced its […]

  • Aretha Franklin tribute at Apollo Theater

    When a Music Legend Dies, How Does Today’s Mostly Automated Radio React?

    Vine may not be shuttered, after all: Twitter has been approached by multiple companies looking to sell the six-second video sharing service and is now evaluating those bids, according to a Techcrunch report. Some of these possible acquirers are apparently from Asia, with rumors pointing to Japanese messaging app Line as one suitor. Twitter announced its […]

  • Giphy Gets Stories: Curated Gif Collections

    Giphy Adds Curated Stories to Desktop, Mobile Web

    Vine may not be shuttered, after all: Twitter has been approached by multiple companies looking to sell the six-second video sharing service and is now evaluating those bids, according to a Techcrunch report. Some of these possible acquirers are apparently from Asia, with rumors pointing to Japanese messaging app Line as one suitor. Twitter announced its […]

  • CBS All Access

    CBS All Access Limited-Ads Plan Now Available to Amazon Prime Members as Option

    Vine may not be shuttered, after all: Twitter has been approached by multiple companies looking to sell the six-second video sharing service and is now evaluating those bids, according to a Techcrunch report. Some of these possible acquirers are apparently from Asia, with rumors pointing to Japanese messaging app Line as one suitor. Twitter announced its […]

More From Our Brands

Access exclusive content