Twitter Buys Social Discovery Startup Spindle

Twitter has acquired Spindle, a location-based social discovery engine, the two companies announced Wednesday. The terms of the deal were not immediately disclosed.

Spindle was founded two and a half years ago by former Microsoft engineers with the goal of helping users discover relevant content on social networks based on time and place. The startup raised $2.3 million in funding in late 2012.

"Every time we’ve experimented and looked beyond local discovery, we’ve been amazed by the breadth and quality of content shared on Twitter," Spindle said in a blog post. "By joining forces with Twitter, we can do so much more to help you find interesting, timely, and useful information about what’s happening around you."