UberMedia, the holding company that specializes in Twitter-based start-ups, has added its highest-profile company to date: TweetDeck, the biggest Twitter application not owned by Twitter itself.
UberMedia, run by Internet pioneer Bill Gross, will pay $30 million in cash and stock for the London-based company, which has raised less than $5 million from investors in the last two years.
The deal, first reported by TechCrunch, isn't done yet, but it's pretty far along, with signed term sheets, etc. All of TweetDeck's investors will take a portion of their payout in UberMedia equity, I'm told.
Both Gross … Read more