Breaking: Odeo Acquired By SonicMountain

Wednesday, May 9th, 2007

J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995), and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

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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