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Twitter acquires group chat app Sphere

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Twitter has acquired London-based Sphere, which operates an eponymous chat app for groups, the startup said on Wednesday.
Sphere — founded by Nick D’Aloisio, who previously founded news summary app Summly, which he famously sold to Yahoo at the age of 17 for a reported $30 million — did not disclose the financial details of the deal. The startup had reportedly raised at least $30 million — including $11.8 million in the first two rounds that TechCrunch first reported.
“Much like others, we’ve been watching and admiring Twitter’s growing investment in community-building with the release of Communities, Spaces, and features that promote safety. When we met the team, we were even more impressed by how seriously they are pursuing interest-based community and how much they believe in its potential impact,” the startup said in a blog post.
More to follow…

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