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Twitter Paid $134 Million for Gnip

Twitter pulled back the curtain on the financial details of its Gnip acquisition on Monday. The total: $134 million in stock and cash for the Boulder, Colorado-based startup. The package, outlined in a 10-Q filing with the Securities and Exchange Commission, included more than $107 million in cash and as much as one million shares of restricted stock and other equity awards to Gnip employees. Gnip was a data reseller with a long Twitter partnership and access to its entire stream of tweets.

This article originally appeared on Recode.net.

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