Twitter grabbed headlines today after reports surfaced saying it declined a $500 million buyout offer from Facebook. Now, Twitter is making more news today by saying it has acquired the assets of Values of n, a company that developed a sticky-note application as well as a personal productivity app that works over e-mail, SMS, and the Web. Twitter will be shutting down the company’s existing products, however, will potentially integrate the technology into its services. Values of n’s founder Rael Dornfest has joined the team as a full-time Twitter engineer. The announcement was made on Twitter’s blog today, which said Dornfest is “a famously talented engineer, author, and entrepreneur,” who served as CTO at O’Reilly Media prior to founding Values of n. Details of the transaction were not disclosed.

Dornfest wrote on his own company blog today that he’s closing Values of n, and turning off its two services—Stikkit and I Want Sandy. Both services will go offline at 5 p.m. on Dec. 8. He writes: “While the company and services will be shutting down, Stikkit and Sandy’s DNA will live on; the intellectual property behind both has been acquired by Twitter, Inc. While Twitter has no immediate plans to incorporate Sandy or Stikkit’s feature sets into its core product, those who know our apps well may notice familiar-feeling bits and bobs appearing in your Twitter experience.”

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