Metacafe May Be Sold For $200 Million
Written by on December 7th, 2006 in Ajax News.
Metacafe, the video sharing site, is reportedly being sold for between $200-300 million. The buyer is currently unknown but there is speculation that it may be Yahoo.
In July, Metacafe recieved $15 million in funding from Benchmark Capital and Accel Partners. The company was founded in 2004 and has offices in Palo Alto and Tel Aviv.
We are currently calling press reps at Yahoo to inquire about the acquisition, which would be surprising, given their recent commitment to reorganization.
When we covered Metacafe’s funding news, we called it a hybrid between YouTube and Fark. YouTube is definitely the company’s biggest competitor so considering YouTube was sold to Google for $1.65 billion, whoever gets Metacafe for $200 million will get a bargain.
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/58226313/