Twitter Now Owns TweetDeck

NEW YORK (CNNMoney) -- Twitter has acquired TweetDeck, an application for organizing the display of tweets, for more than $40 million in a mix of cash and stock, according to sources close to the deal.

TweetDeck has been the subject of speculation about deals for months.TechCrunch surfaced reports, citing a $40 million-$50 million acquisition. The deal has yet to be announced, but papers finalizing the deal were signed Monday.

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