CNET: Microsoft, DivX Consider Purchase of Video-Sharing Site Revver

Authored by Mark Hefflinger on February 22, 2007 - 2:45pm.

San Francisco - CNET News.com reported on Thursday that sources say both Microsoft and video compression developer DivX have recently met with video-sharing site Revver, with eyes toward possibly acquiring the company.

Microsoft recently launched its own video site, Soapbox, while DivX operates a video-sharing site called Stage6.

Sources told CNET that Microsoft executives toured Revver's Los Angeles headquarters last month; Rob Bennett, MSN's general manager of entertainment and video services, confirmed the meeting for CNET.

"Microsoft doesn't appear to be interested at this point," a source close to the deal told CNET.

Both Microsoft and DivX are looking to expand further into the video-sharing space, which is currently dominated by Google's YouTube but also includes News Corp.'s MySpace and independent sites like Metacafe.

Revver CEO Steven Starr declined to comment on the meetings.

"Revver is not for sale," Starr told CNET. "We believe we are in the right place at the right time with the right technology, and we continue to focus on enhancing the Revver service and forging new distribution deals."

 

Related Links:
http://tinyurl.com/38vk37 (CNET)

http://soapbox.msn.com

http://stage6.divx.com



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