Twitter Acquiring E-Reader App Scroll
Twitter (NYSE: TWTR) is about to make a new asset buy. Via its official company blog, Twitter announced Tuesday that it is acquiring Scroll, an early-stage company whose major product is an e-reading app.
In the post, written by the company's vice president of product Mike Park, Twitter did not disclose how much it is paying for Scroll.
Park did say that the app will become part of a planned subscription offering, which the company intends to launch later this year. Details are still somewhat fuzzy, and user pricing is a big question mark; what's apparent is that this product will center around Revue, a business that Twitter acquired in January. This is an online publishing platform, with which users can create and publish newsletters.
Source Fool.com
