TWTR News: Twitter to Buy Mobile Payment Company CardSpring

Financial details of the deal weren't revelaed

   

TWTR News: Twitter to Buy Mobile Payment Company CardSpring

Twitter (TWTR), announced via its blog on Wednesday, that is has agreed to buy mobile payment company CardSpring.

Twitter TWTR News: Twitter to Buy Mobile Payment Company CardSpringIn its blog post, Twitter said that CardSpring would work well for its current goals of bringing more in-the-moment commerce experiences to its users. The socail media company noted that it has already developed ways to promote various products and services through Tweets.

CardSpring also announced the deal between it and the social media company on its blog.  The company said that it was happy to join the social media website and that it found common ground with its commerce team. It also thanked its investors and advisers, which include several companies and individuals.

Neither the blog post by Twitter or CardSpring revealed anything of the financial details for the acquisition.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/07/twtr-twittter-cardspring/.

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