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.
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?