Buzznet Acquire AbsolutePunk.net: Joins Stereogum, Idolator and More.

Author: Steven Finch of http://www.crenk.com | All Posts

Buzznet have been definitely on a buying spree lately, especially after obtaining $25 million in funding from companies such as Universal. Previously, Buzznet purchased Stereogum, Idolator, Qloud and started Videogum. This time they have purchased another music site, Absolutepunk.net.
Personally, im not too sure about the approach of Buzznet. Buzznet are trying to position themselves as [...]

Comments (0) May 6th, 2008

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Buzznet Raises $25 Million

Author: Steven Finch of http://www.crenk.com | All Posts

paidContent.org have reported that Buzznet has raised $25 million in a third round of funding. Additionally, it was learned that Universal Music-owned Interscope has invested a few million in it. It hasnt been confirmed who the other investors are, but im guessing some of the funding would have come from previous investors such as Redpoint [...]

Comments (2) Apr 1st, 2008

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