Last month, we learned that the much loved video service platform Vine would be killed off by Twitter. Vine essentially lets users upload six second videos and has been sort of a creative mecca. Well, according to TechCrunch, Twitter has received a significant number of bids to buy Vine and is currently in the process of narrowing down the pool. Is PornHub one of them? We may never find out…
According to multiple sources, since Twitter announced the death of Vine, the company has received more than 10 bids. It is reported that LINE – the company behind an insanely popular messaging platform – is one of the bidders, which does not surprise me at all given its ongoing expansion into the entertainment area.
Of course, money is going to be the fundamental decider. Twitter decided to kill off Vine primarily because it was spending over $10 million a month to provide the necessary infrastructural support, so if these bids are less than that (which at least some are, according to one source), they might not look too enticing.
However, as TechCrunch points out, Twitter could potentially still generate money even if it’s not paid a handsome sum. If Vine is run by a company that could not only help the video platform grow but also maintain the integration between the two apps, Twitter could attract more users. Not only that, brands who pay Vine stars to promote their products might also turn to Twitter to promote those videos.
Long story short, there is still hope for Vine: Twitter is said to have narrowed the list of bidders down to five. Whether there will be a deal or not, and who will end up acquiring Vine if a deal is reached remain to be seen.
Long story short, there is still hope for Vine: Twitter is said to have narrowed the list of bidders down to five.
Are you a fan of Vine? Who do you think should buy the video platform? Let us know by commenting down below!