Lionsgate TV has acquired the rights to Bilton's New York Times best-seller 'Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal', which will be turned into a TV series, said the Hollywood Reporter.
"Twitter has transformed almost every aspect of our lives from politics to business to friendship, and I can't think of a more compelling story to adapt for television right now," Lionsgate TV Group chairman Kevin Beggs said.
"Nick's book has all the elements of a great drama with its complex characters, high-stakes power struggles and betrayed friendships, and we're extremely fortunate to have Alli Shearmur on board as executive producer," he added.
Bilton, a columnist and reporter for The New York Times, will pen the script and serve as a producer on the project.
In 2010, 'The Social Network', a film that revolved around the origin of Facebook was released to much critical acclaim.