AFI BLOG: Media and Technology

Report: Revver Asking For $500,000 to Sell - NewTeeVee

Revver is looking to sell itself for between $300,000 and $500,000, plus the assumption of some $1 million in debt, CNET reported today, citing unnamed sources. CNET also repeats Contentinople’s report that LiveUniverse was looking to buy the company, saying that the deal fell through. Revver had raised $12.7 million from Comcast, Turner, Draper Fisher Jurvetson, Bessemer Venture Partners, Draper Richards and William Randolph Hearst III, but hasn’t raised any new money (that we know of) since the summer of 2006.

Public traffic measurers show Revver with flat growth, though the company sees quite a lot of views in its embedded players, which aren’t typically measured. The company hasn’t figured into anyone’s top 10 video sites by traffic in quite a while. We’d reported on video stars who have moved off the Revver platform as their primary host, such as Ze Frank, who left for blip.tv; Ask a Ninja, which chose Castfire; and Lonelygirl15, which went back to promoting its YouTube clips.

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