vineTwitter last week announced plans to shut down Vine, but it looks like the video sharing service could potentially live on as Twitter is currently entertaining multiple purchase offers.

According to TechCrunch, Twitter is vetting term sheets from several companies who are offering to buy Vine and "hopes to make a deal soon." Its not known which companies have made offers for Vine, but one rumor suggests Japanese company Line is in the running.

One source says that at least some of the offers are for under $10 million, indicating Twitter might not generate significant revenue directly from selling Vine.

However, Vine could still benefit Twitter even if it's owned by someone who would help it thrive and retain the strong integration between the two apps. Vine content plays instantly in the Twitter stream, bolstering its current parent company's quest to serve more video that could attract user engagement.

First introduced in 2013, Vine lets users capture six-second-long looping video clips that can be shared on social networks like Twitter and Facebook. Vine has had some stiff competition in recent years from companies like Snapchat and Instagram, leading to Twitter's decision to shut it down.

Should Vine not be sold, Twitter plans to shut it down "in the coming months." The Vine website will remain intact so Vines will continue to be available to watch and download, though no new content will be able to be created.

Vine's demise comes in the midst of significant layoffs at Twitter. In October, Twitter let go of nine percent of its staff, or 350 people, in an effort to cut costs and restructure its priorities.

Tags: Twitter, Vine

Top Rated Comments

jdillings Avatar
96 months ago
I heard Myspace is making a bid
Score: 3 Votes (Like | Disagree)
asleep Avatar
96 months ago
There are a lot of sports Vines that need to live on.
Score: 1 Votes (Like | Disagree)
KALLT Avatar
96 months ago
Honestly I thought Twitter announcing that they were shutting it down was so they could have a spike of some popularity and have another company step in and take it.
You think so? I think they probably lost a lot of goodwill now. The uncertainty about its future and the announcement that it will be shut down in the absence of a takeover should diminish any interest in it. Add it to the long list of bizarre decisions at Twitter.
Score: 1 Votes (Like | Disagree)
LordQ Avatar
96 months ago
I read that a porn website wanted to buy it: http://bit.ly/2ePwEQY
Score: 1 Votes (Like | Disagree)
Born Again Avatar
96 months ago
who has time for this $@#)$
Score: 1 Votes (Like | Disagree)
deannnnn Avatar
96 months ago
I actually really love Vine. It's not massively popular like it briefly was when it first launched, but it has a really dedicated, loyal community that really love the app and for those people, myself included, I feel like it's worth keeping around. This is great news in my book.
Score: 1 Votes (Like | Disagree)

Popular Stories

iPhone 16 Camera Lozenge 2 Perspective Gray

Five Key Upgrades Coming to iPhone 16

Friday March 15, 2024 1:45 pm PDT by
The iPhone is Apple's top-selling product, and it gets an update every year. In 2024, we're expecting the iPhone 16 and iPhone 16 Pro lineup, with an arguably more interesting feature set than we got with the iPhone 15 and iPhone 15 Pro. Subscribe to the MacRumors YouTube channel for more videos. Capture Button All four iPhone 16 models are set to get a whole new button, which will be...
When To Expect New iPads Feature 1

Apple to Announce New iPads on March 26, Rumors Claim

Monday March 18, 2024 4:02 am PDT by
Apple is widely expected to release new iPad Air and OLED iPad Pro models in the next few weeks. According to new rumors coming out of Asia, the company will announce its new iPads on Tuesday, March 26. Chinese leaker Instant Digital on Weibo this morning 日发布%23">claimed that the date will see some sort of announcement from Apple related to new iPads, but stopped short of calling it an...
airpods 3 orange

Two New AirPods 4 Models Expected to Launch in September or October

Sunday March 17, 2024 7:56 am PDT by
Apple suppliers will begin production of two new fourth-generation AirPods models in May, according to Bloomberg's Mark Gurman. Based on this production timeframe, he expects the headphones to be released in September or October. Gurman expects both fourth-generation AirPods models to feature a new design with better fit, improved sound quality, and an updated charging case with a USB-C...
iphone se 4 modified flag edges

iPhone SE 4 Expected to Depreciate Heavily

Tuesday March 12, 2024 9:04 am PDT by
Resale value trends suggest the iPhone SE 4 may not hold its value as well as Apple's flagship models, according to SellCell. According to the report, Apple's iPhone SE models have historically depreciated much more rapidly than the company's more premium offerings. The third-generation iPhone SE, which launched in March 2022, experienced a significant drop in resale value, losing 42.6%...
General iOS 17 Feature Orange Purple

iOS 17.4.1 Update for iPhone is Imminent

Monday March 18, 2024 5:27 am PDT by
iOS 17.4.1 and iPadOS 17.4.1 should be released within the next few days, with a build number of 21E235, according to a source with a proven track record. MacRumors previously reported that Apple was internally testing iOS 17.4.1. As a minor update for the iPhone, it will likely address software bugs and/or security vulnerabilities. It is unclear if the update will include any other changes. ...
M3 iPad Feature 3

New iPads Likely to Begin Shipping in April

Monday March 18, 2024 9:52 am PDT by
Apple's new iPad Pro models with OLED displays will likely begin shipping to customers in April, according to information shared today by Ross Young, CEO of display industry research firm Display Supply Chain Consultants. Bloomberg's Mark Gurman also said the new iPad Pro models might not ship until "deeper" into April in his Power On newsletter on Sunday:I've repeatedly said that new...
iOS 17 Passkey With Apple ACCOUNT Feature

'Apple ID' Expected to Change to 'Apple Account' Starting With iOS 18

Sunday March 17, 2024 7:13 am PDT by
MacRumors was first to report that Apple was planning to rebrand "Apple ID" to "Apple Account" across its software platforms and websites like iCloud.com as early as this year, and now Bloomberg's Mark Gurman has corroborated this change. A mockup of the new Apple Account branding In his Power On newsletter today, Gurman said the new "Apple Account" branding will start to be used later this...