News in Brief: Twitter buys tweet search engine

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Twitter has made its first acquisition, buying the search engine Summize. Summize would also see five out of six employees being Twitter employees, the one who is not is its founder Jay Verdy, who has departed the company to work on a "new project".

Silicon Alley Insider has put the value of the deal at around $15 million, with the transaction being mostly in stock. The search engine is used to track any user’s posting on the microblogging tool, or known as tweets.

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