Yes, Twitter bought Summize

Rumors of the acquisition are confirmed via a video interview of Twitter founder Evan Williams posted to TechCrunch.

Twitter has indeed acquired Summize, a nifty search engine built specifically to index Twitter posts, TechCrunch reported Tuesday along with a video of Twitter founder Evan Williams talking about it.

The news follows sporadic rumors that were accompanied by both shaky confirmations and shaky denials. An under-the-radar blogger, Josh Chandler, reported the news first; GigaOM's Om Malik was the first big name to "confirm" it.

Some logistics, as reported by TechCrunch: five of Summize's six employees will become Twitter employees, minus founder Jay Verdy, who will depart the company for "a new project." Naturally, no one's naming numbers--though the Silicon Alley Insider puts it at around $15 million. The transaction was, reportedly, mostly in stock.

So what does this mean? Basically, that Twitter won't have to build its own search engine. Simple enough.

This post was updated at 10:27 a.m. PT.

Featured Video
6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

New Google OnHub router is one of a kind

Reviewing the search giant's sleek and super-cool OnHub home router (while totally and completely trusting Google with personal info).

by Dong Ngo