Tuesday, August 12, 2014

Gnip Exit To Twitter Worth $134M

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.