Posterous Acquired By Twitter
San Francisco-based photo blogging and sharing site Posterous has been acquired by Twitter, Posterous announced Monday afternoon. Financial terms of the acquisition were not disclosed. According to Posterous, it will continue to run its Posterous Spaces product, and will give users "ample notice" if it plans to make any changes to the service. Posterous was headed by Sachin Agrawal. The firm had raised $5.1 million from Redpoint Ventures and Trinity Ventures.
posted on Monday, March 12, 2012
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