Buzznet Acquires Steve Case-Backed Music App Qloud: Report
By Joseph Weisenthal - Sun 30 Mar 2008 03:58 PM PST
A day after we broke the news on Buzznet’s latest funding and wondered who they’d be buying, Mashable claims, citing sources, that it has bought Qloud, the DC-based social music company that claims backing from Revolution LLC. SocialTimes reports the same and says an announcement is imminent. Deal terms have not been reported.
Qloud, started by two ex-AOLers, is the developer of the My Music app on Facebook, which, at one point claimed to be the second biggest music app on the site. Other investors include Ted Leonsis and former Yahoo (NSDQ: YHOO) music chief David Goldberg.
Posted in: Entertainment, Music, Social Media, VC+M&A, Mergers & Acquisitions
