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New Delhi: Media firm Dailyhunt is in the advanced stages of talks to acquire homegrown microblogging platform Koo, a media report said on Wednesday.
According to TechCrunch, citing sources, the deal is expected to be finalised "within weeks" and involves a share-swap agreement.
Founded in 2020, Koo is owned by Bengaluru-based Bombinate Technologies.
The company was founded by Aprameya Radhakrishna and Mayank Bidawatka and is often considered to be India's version of Elon Musk's X.
When reached, Dailyhunt did not immediately comment.
In September last year, Bidawatka said that the company is looking to "partner with someone who has the distribution strength to give Koo a massive user impetus and help it grow".
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