Business

Boston’s Spindle sold to Twitter

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For the third time this year, social networking giant Twitter Inc. has acquired a young Boston area technology start-up.

The San Francisco company announced Wednesday that it bought Spindle Labs Inc., which was founded in 2010 by three former employees of Microsoft Corp.’s New England Research and Development Center in Cambridge. Spindle launched an app last year to let smartphone users discover social media updates from nearby stores, restaurants, bars, or museums using their phone’s location technology.

Twitter would not disclose terms of the deal. Spindle had already raised $2.3 million from venture capital firms such as Waltham’s Polaris Partners. Spindle announced the deal with Twitter on its blog on Wednesday. “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.”

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