• September 21st, 2006

    More Merger Rumors – Xuqa, Dovetail, Zooomr

    The acquisition rumor train is running at full steam. We’ve got the really small deals going through ebay (see our post yesterday rounding up the recent ones), and lots of chatter about the largest independent web sites looking for $1 – $2 billion (see Facebook and YouTube). Even Napster, a public company with $100 million in the bank, is looking for love. But there are lots of other deals being whispered about as well. Here’s a smattering of the rumors we’ve been hearing lately: Zooomr: Founder Kristopher Tate has been saying for weeks that Zooomr is on the verge of a sale. Kodak may be the interested party. Estimated deal size? Less than $5 million. TechCrunch coverage here. DoveTail: A new video sharing startup that has had some good coverage in the Wall Street Journal and GigaOm. Word on the street is that a deal is imminent, if not signed already. Hopefully we’ll have a chance to write a profile before the news hits. Xuqa: Multiple sources are saying a sale of Xuqa, a social network that claims to be profitable, might be coming in the $30 million range. Sounds like the company has at least one firm offer and a couple of other bidders. More on these if and when they develop. → Read More

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