Vine may still live on as Twitter has lined up five potential buyersBy Robin-Leigh Chetty 8 November 2016 | Categories: news
Two weeks ago, the news that Twitter would be shutting down its video platform, Vine, hit the web. At the time, Vine's demise was all but sealed, with only a bid from PornHub offering some respite. Now, however, more concrete bids for Vine have emerged, with TechCrunch reporting that a number of suitors have made their case.
In fact, TechCrunch notes that Twitter have already whittled down 10 bids down to five. One such bidder rumoured to be in the conversation is LINE, which is a Japanese messaging and gaming company. As far as how much Vine may cost, some sources indicate less than $10 million has been offered. If true, that would be a third of the $30 million that Twitter originally paid for the video sharing platform.
For now, the fate of Vine is still up in the air, and whether another company can turn the fortunes of the platform around, remains to be seen.
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