When Twitter (TWTR) announced late last month that it would shut down Vine in the coming months, the Internet immediately began grieving the demise of its favorite 6-second video sharing service via the hashtag #RIPVine.
But the platform may still see the light of day as Twitter is fielding offers for Vine, TechCrunch reported on Monday.
Twitter is said to have narrowed the pool of bidders from ten to five, with Japanese messaging and gaming company Line Corporation (LN) , which recently went public in the U.S., rumored to be an interested buyer.
In October, Line released its own video sharing app, Line Moments, that allows users to record, edit and share 10-second clips. Line did not immediately respond to requests for comment for this story.
Twitter's move to sell Vine makes more sense than just outright ending its operations, said Circle Squared Alternative Investment president Jeff Sica. The social media site has the chance to allow Vine to continue by selling it to another company with the manpower and capital to help it grow, Sica added.
A buyer may choose to keep Vine integrated into Twitter, treating it not as a direct revenue source, but as a way to advertise and generate revenue for other entities, Sica said.
Sica likens the situation to Disney (DIS) buying Twitter and using the site to direct viewers to content produced by its cable networks, such as ESPN.