/// Twitter Buys Vine, a Video Clip Company That Never Launched
If Twitter ends up running its own video service , this should help: The messaging service has bought Vine, a video sharing startup. We don’t have terms for the deal, but this looks like a lot like an acqhire: Vine is a three-man company, based in New York, which formed in June. It has yet to launch publicly. [UPDATE: Maybe not a garden variety acqhire, we’re told. For instance, there’s a possibility that Vine could still live as a standalone service]. Twitter declined to comment. Vine’s landing page describes it as “the best way to capture and share video on your iPhone”, and if you look at sample clips on the Web it looks as if Vine specializes in very short clips — a few seconds apiece. Here, for instance, is a contribution from CrunchFund investor MG Siegler . Here’s another , shot by Vine cofounder Dominik Hoffman at San Francisco’s AT&T Park, from box seats he says were provided by SV Angel, another investor.
The rest is here:
Twitter Buys Vine, a Video Clip Company That Never Launched