When companies get sold, their prices tend to be beyond what the average individual will ever own or see. But (and I don't mean to exclude anyone here) hopefully most of us can view $300,000 as within reach, and that's reportedly the lower edge of Revver's asking range.
The upper edge is $500,000 which, again, is something most people can imagine. We like the fact that an established video-sharing site is something that any Joe or Jane can buy. It's not exactly a great sign for folks connected to Revver itself, however.
Greg Sandoval states that a $1 million debt is bound to the terms of the sale. He also quotes an anonymous source as saying, "Their (producer) community is loyal to them. Otherwise, I don't know that they are worth much."
We may soon have to write about the death of this company, then; it doesn't sound like Revver's able to hold out much longer. On the other hand, keep an eye peeled for some acquisition and grand re-launch; from the looks of things, the recovery party could take place in your neighbor's backyard.
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