Odeo

Breaking: Odeo Acquired By SonicMountain

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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.

Twitter is no longer part of Odeo, so this will not be included in the acquisition. Twitter and Odeo were both wholly owned subsidiaries of Obvious Corp.

Evan Williams will be working with SonicMountain as an advisor for six months or so.

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