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Vine may not be dead after all.
After parent company Twitter announced last week that it’s put the six-second video service on the chopping block, it appears potentials buyers could keep the service from an early retirement.
Multiple bids for Vine have emerged since Twitter’s announcement, possibly setting Vine up for a comeback, sources tell TechCrunch.
While none of the interested buyers were named, one of the bidders is rumored to be Line, the Japanese messaging service and WhatsApp competitor. Line, Vine – makes sense to us!
Picked from the Vine
Sources add that bids still appear to be under $10 million – enough to keep Twitter from outright trashing Vine, but not exactly making it a hot sell.
It’s uncertain if Twitter will take back its decision to axe Vine in light of recent interest, or if selling it off will compromise the site’s collection of videos, many of which are currently archived by Twitter following Vine’s closure, or are linked to tweets on Twitter’s eponymous primary service.
We asked Twitter for comment on the reports and will update this story as more details emerge.