Twitter is reportedly in talks with several potential buyers for Vine

According to a TechCrunch report, Twitter is negotiating a possible sale of its short-form video sharing service Vine with a number of potential buyers.

The report, based on the information shared by multiple unidentified sources, comes within days of Twitter’s October 27 announcement that it is shutting down the Vine service. In announcing the death sentence for Vine, Twitter said that the three-year-old service will be shutter in the next few months.

However, despite announcing the imminent shutdown of Vine, Twitter kept the archive of Vines playable and continued to allow users to download their content.

With Twitter not having made any disclosure with regard to the future of the Vine service, the TechCrunch report has now revealed that Twitter kept the archive of Vines playable even after the shutdown announcement because it seemingly received quite a few bids from several companies interested in acquiring Vine.

Meanwhile, though TechCrunch’s sources said that Twitter is presently considering the offers from potential buyers of Vine, they could not confirm the names of the companies that want to buy the service. Nonetheless, it has been hinted that one of the rumored bidders for Vine evidently is Japan-based LINE messaging and gaming company.