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Published 15 April 2013 11:05, Updated 17 April 2013 15:31
We are Hunted’s Stephen Phillips, Michael Doherty and Richard Slatter. Photo: We Are Hunted
Like most start-ups that are taken over by a major company, tech business We Are Hunted is keeping mum on the details of its acquisition by Twitter.
The Brisbane-based music app, that was backed by internet entrepreneur and Wotif.com founder Graeme Wood when it was founded in 2007, put out a statement on its website on Friday confirming it had been bought by Twitter.
“There’s no question that Twitter and music go well together. Artists turn to Twitter first to connect with fans, and people share and discover new songs and albums every day. We can’t wait to share what we’ve been working on at Twitter,” founders Stephen Phillips, Richard Slatter and Michael Doherty wrote on their website.
As part of the acquisition, existing We Are Hunted accounts would be shut down, the group said.
But, like most of these acquisitions by major companies, the details are still a secret. The same thing happened earlier this month when Facebook quietly acquired mobile software startup Osmeta and hasn’t provided any insight as to what’s in store. According to Osmeta’s website, it is working on “really, really interesting software.” Even its $1 billion acquisition of Instagram had the public in the dark to begin with.
It was the same again when Google bought a small Canadian research company called DNN Research last month. Details of that acquisition and how it would be used have also been kept under wraps for now.