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:

Published in: on July 24, 2008 at 12:24 pm  Leave a Comment  
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More tech buck: Viacom eyes Hype Machine??

Hype Machine, the fantastic blog crawler of the new taste making set, is rumoured to be on Sumner Redstone’s shopping list.

The site, which was started and is owned by Anthony Volodkin, aggregates the hottest mp3 blogs, essentially cutting out the arduous task of having to read the associated words.

Gawker-owned gossip site Valleywag reports that Redstone’s Viacom, which owns MTV, has tabled a $10m bid. Viacom boss Philippe Dauman must be careful because the last time one of Redstone’s lieutenants (popular MTV boss Tom Freston) didn’t buy hot web stock (Myspace) he got AXED.

Published in: on April 30, 2008 at 1:39 pm  Leave a Comment  
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