Internet Hero May Buy Vine From Twitter

You'll never take away our 6-second loops
By Michael Harthorne,  Newser Staff
Posted Nov 8, 2016 3:53 PM CST
Internet Hero May Buy Vine From Twitter
Vine might not be dead after all, which means we all have more 6-second dunk loops to look forward to.   (Vine)

(Newser) – Twitter killed Vine last month, but Vine may yet live again, like some sort of 6-second video of a teen dunking on a baby that loops on into infinity. TechCrunch, citing multiple sources, reports more than 10 companies offered to purchase Vine from Twitter after the latter announced it was shuttering the video-sharing site. The outpouring of internet grief and best-Vine lists following Twitter's announcement likely helped boost interest for potential buyers. Sources say Twitter received bids from more than 10 companies and has narrowed it down to five, with a deal possibly coming soon. TechCrunch has been unable to confirm the identities of the potential buyers.

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Twitter was probably hoping to drive interest in a sale when it announced it was shutting down Vine, Fortune reports. While selling Vine probably won't result in a big payday—sources say some offers are less than $10 million—selling it could help in other ways. Since Vine content plays instantly on Twitter, Twitter would still have an integrated video service and could get in on sponsored content. The Verge notes that whoever purchases Vine has their work cut out for them, as it's been dropping users for years and has no clear way to make money. "Still, Vines are great, and there should be more Vines," the Verge declares. "You will probably lose millions on this deal, but the internet will be forever grateful." (Read more Vine stories.)

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