Twitter Acquires Posterous

Sachin Agarwal writes for the Official Posterous Space:

Big news: Posterous has been acquired by Twitter!

The opportunities in front of Twitter are exciting, and we couldn’t be happier about bringing our team’s expertise to a product that reaches hundreds of millions of users around the globe. Plus, the people at Twitter are genuinely nice folks who share our vision for making sharing simpler.

Posterous Spaces will remain in existence but, given the tone of the post, it is uncertain for how long.

Twitter has also posted an announcement to the Twitter Blog regarding the acquisition.