Looks Like Twitter Paid Mixer Labs $5.17M in Stock

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Twitter didn’t disclose the terms of its acquisition of geo platform Mixer Labs in December, but some of the details have since emerged. Today paidContent reports on a new SEC filing that says Twitter issued $5.17 million worth of common stock and Series E preferred stock alongside an acquisition — and connects the dots that it was probably for Mixer Labs. There may also have been cash or additional terms in the transaction that weren’t disclosed in the filing.

We also reported earlier this week that Mixer Labs had raised funding from Sequoia Capital, something the startup hadn’t previously disclosed.

Mixer Labs, which Twitter said it bought to help it understand the local context of tweets, is still offering its GeoAPI keys as “a service from Twitter,” but today it appears that Mixer’s original product, local guide TownMe, has been taken offline.

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Steve

Is it only me? $5.17M is pretty cheap? I think it worth more than that

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