Revvr, which hosted "Ask A Ninja" in the past, was sold to LiveUniverse for less than $5M, after $12M investment. This event, and major issues with KnockaTV, shows that the online video market is starting to consolidate.
More information on Revver deal can be found here, and about KnockaTV here.
Revvr Sold – The Sun Doesn’t Shine On TV
Revvr, which hosted "Ask A Ninja" in the past, was sold to LiveUniverse for less than $5M, after $12M investment. This event, and major issues with KnockaTV, shows that the online video market is starting to consolidate.
More information on Revver deal can be found here, and about KnockaTV here.
Tags: revvr, ask a ninja, liveuniverse, knockatv, M&A