Several weeks ago, Twitter announced that it was closing down Vine, its short-video sharing app. The news was widely mourned by fans of the service, but it appears that those eulogies may have been premature. According to one report, Twitter is in talks with a number of potential buyers. 
 
 Tech news site TechCrunch says the company is “currently vetting multiple term sheets from companies offering to buy Vine, and hopes to make a deal soon,” according to anonymous sources. 
 
 Twitter initially had as many as 10 expressions of interest, but has narrowed those down to five, TechCrunch reported. A number of these potential bidders are located in Asia, and one of the most well-known is said to be Line, the Japanese mobile messaging company whose app is similar to WhatsApp. 
 
 Vine was acquired by Twitter (twtr) in 2012 for an estimated $30 million, just months before the startup’s founders were planning to release the app publicly. For a time, Vine was one of the stars of the short-form video market. 
 
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 Over time, however, Vine was overtaken by competing services, including Snapchat and Instagram’s (fb) short video feature. Some believe that Twitter also failed to take advantage of its lead and didn’t do enough to keep the emerging stars who used Vine happy, and so they moved to YouTube (googl) and Snapchat. 
 
 When the company announced that Vine was being shut down, many of its early users paid tribute to it for enabling artists of all kinds to share their work. And many users pulled together lists of their favorite clips. 
 
 //platform.vine.co/static/scripts/embed.js 
 
 That kind of renewed interest may have convinced certain companies that the service might be worth acquiring—something Twitter likely hoped would happen once word got out that it was shutting down. 
 
 As is often the case, even expressions of interest from potential bidders could turn into nothing. Twitter itself was also reported to be in discussions with a number of companies about a potential acquisition recently, including Disney (dis) and Salesforce.com (crm), but they all backed out. 
 
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 And even if a sale does go through, it is unlikely to result in any kind of windfall for Twitter. According to TechCrunch, the figure being discussed with some bidders is in the $10 million range. That’s about what some observers estimate Vine was going through every month in operating costs. 
 
 It’s possible that Twitter could continue to gain some revenue from Vine through its ownership of Niche, a social marketing service that it acquired last year for a reported $30 million. But that would likely generate only a small amount of recurring revenue, if it happened at all. 
 
 Twitter has been under pressure from investors because the company’s user base is not growing, and it lost more than $500 million last year, primarily because it has very high levels of stock-based compensation. 

 Vine may survive after all. Twitter is currently vetting multiple term sheets from companies offering to buy Vine, and hopes to make a deal soon, multiple sources tell TechCrunch. After announcing its plan to shut down Vine last month, Twitter received a large number of bids, including several from Asia. It’s now working to decide who should run the short-form video app. 
 
 While TechCrunch couldn’t confirm the names of any of the companies interested in Vine, a rumored bidder was Japanese messaging and gaming company LINE. [Update: We’ve learned that Twitter has narrowed the pool from more than 10 bidders to around 5.] 
 
 Twitter announced on October 27th that it planned to eventually shut down Vine, but keep the archive of Vines playable and allow users to download their content. But beyond clarifying some of the original announcement in an FAQ, it hasn’t made any further announcements about the future of Vine, which makes sense because it’s in active talks to sell the app. 
 
 One source says that at least some of the offers are for less than $10 million, indicating Twitter might not generate significant revenue directly from selling Vine. 
 
 However, Vine could still benefit Twitter even if it’s owned by someone who would help it thrive and retain the strong integration between the two apps. Vine content plays instantly in the Twitter stream, bolstering its current parent company’s quest to serve more video that could attract user engagement. 
 
 If Vine doesn’t shut down and creators keep producing the six-second clips, Twitter could earn money from sponsored content deals arranged by Niche, the social media talent broker startup that Twitter acquired in 2015. [Disclosure: My cousin Darren Lachtman is one of the founders of Niche, but I haven’t spoken to him about today’s news.] Brands who pay creators to promote their products in Vines might also buy ads on Twitter to show those Vines to more users. 
 
 Recode reported in September that Twitter might look to do something different with Vine. The New York Times wrote in early October that while Twitter was trying to sell itself, it was also looking to get rid of Vine to cut costs. It later reported that Vine was costing $10 million a month to run in infrastructure and employees, and Twitter had explored selling it off. 
 
 After announcing the eventual shut down, selling Vine seemed to be off the table. But TechCrunch has learned that the level of support and mourning for Vine from the internet community boosted the interest of potential acquirers willing to endure the operation costs to own one of the most culturally impactful video platforms. While Vine had been rapidly losing users and star creators, plenty of people wanted to see it live on and were angry Twitter planned to kill off the app. 
 
 We reached out to Twitter but it declined to comment. 
 
 
 
 As I wrote last week, selling Vine comes with risks. 
 
 An acquirer could shut down the costly archive, breaking tweets with embedded Vines and pissing off users. Since the Vine brand is closely associated with Twitter, whatever the acquirer does with it could reflect poorly on the former parent company. The sales process could be distracting. Selling for a low price might seem desperate. Someone else could use Vine to compete with Twitter. And if an acquirer revives Vine into a big success, it could make Twitter’s leadership seem incapable. 
 
 Twitter will likely try to mitigate these risks by choosing the right new owner, perhaps selecting one that agrees to preserve the archive and retain the embed integration. The alternative of keeping Vine alive itself with even a skeleton crew to maintain it could prove too expensive at a time when Twitter is financially struggling. And shutting it down could turn Vine’s stars into evangelists for its competitors. 
 
 Twitter could refuse the offers. But its best bet is still to let someone else adopt Vine and give it a second chance to grow. Twitter just has to sign on the dotted line.
– Twitter killed Vine last month, but Vine may yet live again, like some sort of 6-second video of a teen dunking on a baby that loops on into infinity. TechCrunch, citing multiple sources, reports more than 10 companies offered to purchase Vine from Twitter after the latter announced it was shuttering the video-sharing site. The outpouring of internet grief and best-Vine lists following Twitter's announcement likely helped boost interest for potential buyers. Sources say Twitter received bids from more than 10 companies and has narrowed it down to five, with a deal possibly coming soon. TechCrunch has been unable to confirm the identities of the potential buyers. Twitter was probably hoping to drive interest in a sale when it announced it was shutting down Vine, Fortune reports. While selling Vine probably won't result in a big payday—sources say some offers are less than $10 million—selling it could help in other ways. Since Vine content plays instantly on Twitter, Twitter would still have an integrated video service and could get in on sponsored content. The Verge notes that whoever purchases Vine has their work cut out for them, as it's been dropping users for years and has no clear way to make money. "Still, Vines are great, and there should be more Vines," the Verge declares. "You will probably lose millions on this deal, but the internet will be forever grateful."