Twitter might finally sell Vine instead of killing it

Twitter CEO, Jack Dorsey. Photo credit:Getty images

The shutting down of vine recently announced by twitter its parent company may finally be canceled. Vine is a service for sharing short video clips online. This is coming as a succor to Vine's loyal base of dedicated users who were upset by the company's earlier decision. 

 According to a TechCrunch report, Twitter is now currently in talks with several potential buyers for the service.

Twitter, is currently going through hard times, has the company is running on financial losses and recently announced plans to lay off 9% of its staff and shut down Vine.

The news of the shutdown upset many of Vine's users, who criticized Twitter for eliminating a vital tool of self-expression that many youths and minorities relied on, and who fretted that the rich archive of Vine video clips would be lost forever.

Twitter is currently looking over several offers from companies interested in acquiring Vine, TechCrunch said, citing anonymous sources. While TechCrunch said it could not obtain the names of any of the interested parties, it noted that Japanese messaging service Line has been "rumored" to be interested. Some of the offers are for under $10 million, TechCrunch reported.

However one wonders why Twitter didn't put up Vine for sale earlier instead of shutting down the service.

It's possible that Twitter simply didn't think the price it could obtain was worth the effort (which seems reasonable if the reported sub-$10 million price is accurate). Now that users are upset and companies are knocking on the door, Twitter may simply be reconsidering.