Social messaging service Twitter has acquired Time Warner-backed Bluefin Labs for between $50m and $100m, and nearer the latter according to news provider New York Times.
In January last year, Time Warner Investments, the corporate venturing fund representing media conglomerate Time Warner, led a $12m series B round for US-based social TV analytics firm Bluefin Labs.
Softbank Capital, the venture capital (VC) firm affiliated with Japan-based conglomerate the Softbank Group, joined Time Warner as a new investor in the B round, while VC firm Redpoint Ventures and VC fund Lerer Ventures made contributions as return investors.
Redpoint previously led in Bluefin’s $6m series A round in 2010, which also saw participation from investment fund Acadia Woods Partners. Acadia Woods also participated in the 2009 seed round which saw Lerer enter as an investor along with VC firm Kepha Partners as Bluefin raised $1.2m.