News Column

BRIEF: Twitter paid $134 million for Boulder's Gnip

August 11, 2014

By Alicia Wallace, Daily Camera, Boulder, Colo.



Aug. 11--Twitter paid upward of $134 million in cash and stock for Boulder-based Gnip Inc., officials for the social media giant disclosed in a regulatory filing made Monday.

Twitter acquired Gnip, a longtime partner that provides social media data to a variety of firms, earlier this year but a purchase price was not disclosed. A filing made Monday associated with Twitter's second-quarter earnings report shows that Twitter paid $107.3 million in cash and issued about 1 million shares of stock.

The total consideration of $134.1 million includes the earned portion of assumed stock options and other equity awards, officials said in the filing.

During the second quarter, Twitter reported a net loss of $144.64 million, or 24 cents per share, on revenue of $312.17 million, the company reported at the end of July.

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(c)2014 the Daily Camera (Boulder, Colo.)

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Source: Daily Camera (Boulder, CO)


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