Twitter looking to snap up TweetDeck

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Twitter is thought to be advanced talks about a deal to snap up TweetDeck, which is a popular application that allows Twitter users to manage their Twitter accounts.

Dominic Rushe from guardian.co.uk is reporting that the British founder of TweetDeck is a massive F1 fan, and could soon become $50m richer. TweetDeck allows users to sort their Twitter accounts into categories, and to bring information from other social networking sites such as Facebook and MySpace.

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This news follows previous reports that an internet entrepreneur, Bill Gross, offered $30m for the company. It currently employs 15 staff who are mainly based in the UK, and the company has a close relationship with Twitter.

Twitter itself has been the talk of buyout rumors, with both Facebook and Google thought to be thinking about making a move. TweetDeck has seen its fortunes rise of late, and was successful in gaining advertisers to the service and is on track to earn $150m this year.

Do you use TweetDeck?