Tuesday, March 4, 2008

LiveVideo Acquires Revver

West Hollywood-based LiveVideo.com, the online video site run by former Intermix CEO Brad Greenspan, said today that it has acquired user generated video sharing site Revver. Financial terms of the deal were not disclosed. According to Livevideo.com, which is a subsidiary of LiveUniverse, Brad Greenspan will oversee strategy and expansion initiatives for both LiveVideo.com and Revver.com. LiveVideo said that Revver.com is hosting over 40 million video streams a month. Both sites will continue to be operated as separate, branded web sites. Revver previously raised funding from Bessemer Venture Partner, Comcast Interactive Capital, Draper Fisher Jurvetson, Draper Richards, and Turner New Media.