Vine may survive after all. Twitter is currently vetting multiple term sheets from companies offering to buy Vine, and hopes to make a deal soon, multiple sources tell TechCrunch. After announcing its plan to shut down Vine last month, Twitter received a large number of bids, including several from Asia. It’s now working to decide who should run the short-form video app.
Apparently the offers are as low as US$10m, which according to Twitter is less than what it costs to run Vine for a month.
But hey, $10m is still $10m right? Might keep the Moments branch running for a few more months? Anyone using that yet/still?
Source: Twitter still might save Vine by selling it | TechCrunch