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.