Viacom to buy Atom Entertainment

Bryce Durbin — Wed, 09 Aug 2006 17:19:48 +0000

San Francisco’s Atom Entertainment is about to be purchased by media giant Viacom, the Wall St. Journal reports. Atom Entertainment is home to Atom Films, a site that highlights short films, and the ShockWave series of game sites.

The price is rumored to be $200 million; Valleywag reported on the WSJ story first. Viacom was rumored yesterday to be interested in purchasing social networking site Bebo, possibly for a staggering sum. Bebo plus Atom under the Viacom umbrella could pose a formidable challenge to MySpace.

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Viacom to buy Atom Entertainment