The Deal
Tuesday, October 7, 
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[Posted on February 15, 2008 - 1:13 PM]

Revlogo.jpgTwo Internet companies that have been on the block for a while may finally have wrapped up deals. Video sharing Web site Revver Inc. has been acquired by LiveUniverse for $5 million, according to  NewTeeVee. A spokeswoman for LiveUniverse would not confirm the purchase. If true, the payout will disappoint company's investors, who poured more than $12 million into the company. Among Revver's investors were Draper-Fisher Jurvetson, Bessemer Venture Partners, Draper Richards LP and William Randolph Hearst III. Revver's hook is sharing revenues from targeted ads with video creators.

Meanwhile, the long-running saga regarding business social networking company Plaxo Inc. may be drawing to a conclusion. ValleyWag is reporting that cable operator Comcast Corp. will take the property for $175 million. Previous rumors had Plaxo hooking up with Facebook and Google Inc. [GOOG]. A Plaxo spokeswoman said the company does not comment on acquisition inquiries.

Finally, there have been rumors of a large acquisition of an online social networking site, with Bebo Inc. possibly in line for a $1 billion payday. While TechCrunch is pointing to Google as the most likely buyer, BoomTown's Kara Swisher is throwing water on that possibility.

A Bebo spokesman said the company had "absolutely no comment whatsover." Relatively little known in the U.S., Bebo is more popular in Europe, though it has been surpassed by Facebook as the top social networking site in the U.K., according to comScore Inc. - David Shabelman

See Feb. 14 post from NewTeeVee
See Feb. 14 post from News.com
See Feb. 12 post from TechCrunch
See Feb. 13 post from BoomTown

 


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