Evan Williams, CEO of Obvious surprisingly revealed that he is looking for potential buyers to give Odeo a new home. The primary reason he gave for the said decision is that Obvious significantly turned its concentration on Twitter that they did not have enough time to give continuous improvement and attention to their flagship product.
Odeo is not a runaway success but it is doing good, it has a lot of potential and is already generating income to support itself and perhaps it is in these reasons that although Evan want to convert Odeo in cash, he is also considering other scenarios like equity position and will continue running Odeo if it don’t get smart offer.
On the other hand, I’ve read a commentary that assessed Odeo on the different angle. This is a good read for those who want to see both side of the product being offered. Well, let’s just see how things would turn up with this announcement.
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Odeo Has A New Home | Podcast Fresh // May 13, 2007 at 5:47 am
[…] Several months after Evan Williams announced that he is looking for potential buyer for Odeo, now came the good news that Odeo has a new home as SonicMountain recently announced its acquisition. The exact amount of this agreement is not disclosed but is in excess of $1 million and the deal was all cash. […]
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