Sony buys Grouper for $65 mln

Sony paid $65 mln to buy Grouper.com, an online video sharing site, according to Reuters. The differentiating point of Grouper among other video sharing site was the automatic conversion for PSP and iPod video formats.

Grouper, founded by Josh Felser of Spinner.com and AOL fame, seemed to gain traction in April of this year:

Grouper.com traffic from Alexa

Most of the high traffic stuff seems to involve the legal music videos and celebrity sightings. The blog, which surprisingly misses the acquisition news, is here.

Posted in Entertainment, Money, Silicon Valley at August 22nd, 2006. Trackback URI: trackback

One Response to “Sony buys Grouper for $65 mln”

  1. August 23rd, 2006 at 4:57 am #The Blogging Times » Sony set to rival YouTube

    [...] From blogosphere: GigaOM, Mashable!, Digital Micro-Markets, Torrentfreak, Things That, Davis Freeberg’s Digital …, rev2.org, duncanriley.com, alexmoskalyukblog, Howardlindzon.com Technorati Tags: Grouper Sony YouTube [...]

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