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Twitter sells software maker to Google

Jessica Guynn
USA TODAY

SAN FRANCISCO — Google is buying one of Twitter's assets, but not the struggling company itself.

Twitter sells Fabric to Google

Google has agreed to buy Fabric, which makes software for mobile apps. The companies did not disclose the financial terms.

Twitter is selling off assets as it faces growing pressure from Wall Street to reignite growth as user and revenue growth flattens. Fabric made its debut to much fanfare in 2014, but is being discarded as Twitter CEO Jack Dorsey narrows Twitter's focus by discontinuing some initiatives, the most high profile of which was video app Vine.

Google says the acquisition will help it recruit mobile developers to its cloud computing service.

"When we look at Fabric, we see it as a great opportunity to bring together two amazing developer platforms, to really have the best of breeds," said Jason Titus, vice president of Google’s Developer Product Group, told Bloomberg News.

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