TenXer 'shuts doors' as Twitter acquires it for under 50 mln dollars

Twitter has reportedly purchased TenXer, a platform for developers and engineers to work together better, in a deal that sources said was priced under 50 million dollars and would lead to the closure of the San Francisco-based startup.

TenXer CEO and co-founder Jeff Ma said that they will shut down operations at their firm and continue their work with the micro-blogging platform, reported The Verge.

He added that the firm was excited to apply what they had learnt in the past three years to a world-class engineering organization.

TenXer had raised about five million dollars with investors including True Ventures, Google Ventures and Khosla.