Skip to main content

The context you need, when you need it

When news breaks, you need to understand what actually matters — and what to do about it. At Vox, our mission to help you make sense of the world has never been more vital. But we can’t do it on our own.

We rely on readers like you to fund our journalism. Will you support our work and become a Vox Member today?

Join now

Twitter Paid Over $86 Million for Periscope and Niche

Twitter reported the numbers (kind of) in its 10Q filing Monday.

Periscope

Twitter spent more than $86 million to acquire livestreaming app Periscope and social media talent agency Niche earlier this year.

The new numbers were included — although not clearly — in Twitter’s quarterly earnings report filed with the Securities and Exchange Commission on Monday. As a public company, Twitter is required to report the acquisition price of any material purchases in this document, but it lumped two acquisitions together, listing a total price for both without identifying either one.

Twitter bought Periscope in January and Niche a month later for a “total purchase price of $86.6 million,” including roughly $29 million in cash. Re/code reported in February that the Niche deal was approximately $30 million, though that transaction included earn-out payments.

The Periscope purchase also included earn-outs, or stock options offered to Periscope employees that vest over the next four years. Both acquisitions include $38 million in earn-outs but, again, it’s unclear what portion of those options were part of the Periscope deal versus the Niche deal.

At the time of the purchase, numerous publications reported the Periscope deal to be around $100 million, which likely included all potential earn-outs and employee agreements.

This article originally appeared on Recode.net.

More in Technology

Future Perfect
The 5 most unhinged revelations from Elon Musk’s lawsuit against OpenAIThe 5 most unhinged revelations from Elon Musk’s lawsuit against OpenAI
Future Perfect

The Musk v. OpenAI trial is over. Here are the receipts.

By Sara Herschander
Politics
Data centers could actually be good for your hometownData centers could actually be good for your hometown
Politics

The case for the buildings America loves to hate.

By Eric Levitz
Future Perfect
How to fall in love with humanity againHow to fall in love with humanity again
Future Perfect

Tech culture has made contempt for humanity feel enlightened. We can do better.

By Sigal Samuel
America, Actually
Inside the fight over America’s data centersInside the fight over America’s data centers
Podcast
America, Actually

“The ugliest thing I’ve ever seen”: How New Jersey residents feel about a data center in their backyard.

By Astead Herndon
Podcasts
Could you spot an AI-written book?Could you spot an AI-written book?
Podcast
Podcasts

An author set up an experiment to find out.

By Amina Al-Sadi and Noel King
Podcasts
Are humanoid robots all hype?Are humanoid robots all hype?
Podcast
Podcasts

AI is making them better — but they’re not going to be doing your chores anytime soon.

By Avishay Artsy and Sean Rameswaram