Adding another big exit for the region, the sale of Boulder-based Gnip to Twitter was worth $134M in stock and cash, according to a regulatory filing by Twitter Monday. Twitter--which acquired Gnip in May--disclosed in its quarterly report that it paid $107.3M in cash plus 0.6 million shares of its common stock for Gnip, which develops a service to help companies digest social data from both Twitter and other social services. Twitter said the sale was worth a total of $134.1M. Gnip was the company's largest buy in the last six months. Gnip was backed by First Round Capital, Foundry Group, and SoftTech VC.
Top NewsTuesday, August 12, 2014
Gnip Exit To Twitter Worth $134M