Qloud's Sunny Day

Rumors today that LA-based Buzznet has bought Qloud for "slightly more than Qloud's last round valuation". I don't remember what Qloud's last round valuation was, I will have to go see if I can find it mentioned online somewhere.

Congrats to Mike & Toby, I hope this is a good thing for them and their company. Selfishly, I also hope they get to keep their office in DC as I'm a big fan of the growing digital media startup landscape in this area.

I keep going back to my predictions a couple of months ago, and I'm looking pretty good so far (one quarter into the year)...

Related articles

• Source: Buzznet Acquires Qloud's Network of Music Apps [via Zemanta]
• Buzznet Nabs a Purported $25m in Funding; Adds Stereogum To Roster [via Zemanta]
• Buzznet Gets Investment From Interscope-Universal Music; Buys Stereogum; Acquisitions Coming? [via Zemanta]