Hype Machine: Not Sold Yet

Viacom, the media conglomerate and MTV owner run by Sumner Redstone, did not attempt to buy music blog aggregator and portal of mp3 joy for $10m .

So says Anthony Volodkin:

It was reported in April that Viacom offered to buy the Hype Machine for $10 million. Volodkin says this isn’t true. (So does Viacom.) But he says people approach him “all the time ” about investing in his company.

But the Hype Machine creator needs outside money to make this happen. He says plenty of other companies would like to buy or merge with his start-up. But he’s not interested. “We’re happy being independent,” Volodkin says.


Fortune:

Advertisements
Published in: on July 24, 2008 at 12:24 pm  Leave a Comment  
Tags: , ,

The URI to TrackBack this entry is: https://boredofdictators.wordpress.com/2008/07/24/hype-machine-not-sold-yet/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: