Web 2.0 News

Odeo Acquired By SonicMountain
Details are just coming out, but New York based SonicMountain, a new startup, has acquired Evan Williams' Odeo. The announcement will come sometime tomorrow. The price is not being disclosed but is in excess of $1 million, and the deal was all cash. Odeo was publicly put on sale last February. The company was bought back from investors late last year.

Source: http://www.techcrunch.com/2007/05/09/breaking-odeo-acquired-by-sonicmountain/