Looks like video site Revver is going up for sale at a bargain price: somewhere between $300,000 to $500,000.
CNet is reporting that Revver has cut staff and is looking to sell despite raising about $12.7 in financing. I bet investors aren’t happy about that. The buyer would also have to take on about $1 million in debt as well, say sources.
Revver was pretty well-known for trying to pay video producers, unlike YouTube. But somehow the company has ended up on hard times. Is this bad news for all YouTube wannabees? I don’t think so. I remember reading that there were at least a hundred companies/sites that were trying to emulate YouTube. But not everyone can make it. I’m betting someone will come along and buy up Revver.
It’s a bargain.
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