Shares

According to several sites across the net today, sources close to Revver are reporting that Revver has been trying to shop around for buyers for months and apparently they are offering the company at fire-sale prices.

"Revver's asking price is between $300,000 and $500,000, as well as the assumption of the company's debt, which is in the $1 million range, said two sources with knowledge of the negotiations. The sum is tiny considering that the Los Angeles-based Revver raised $12.7 million in venture funding.

In response to questions from CNET News.com, Angela Gyetvan, Revver's vice president of marketing, said: "I'm not at liberty to discuss any of this with you. I can't comment."

For more, read this excellent post on Cnet.

Shares