Blogger.com seller Evan Williams’ company Obvious is selling Odeo, the hosted audio service. Williams founded Odeo, got investors, then used money from the Blogger.com sale to Google to buy it back. And now it’s up for sale.
It seems likely Odeo is worth more to someone else than it is to us at this point, so we’re looking for a new home for it. We’ve been having some conversations with potential buyers, and this is our attempt to put the word out more widely in the most expeditious way (and without involving investment bankers and the like). If we don’t get any attractive offers, we’ll continue to run it.
It’s not a bad deal since server costs are covered with Adsense ads according to the blog post. However, monetizing on a grander scale might be hard.
So what’s next for Evan Williams and Obvious? Well, they got that nifty little mobile blogging (or whatever) service Twitter to focus on, which is also listed as a reason for the sale.
More at TechCrunch and GigaOM.
Originally posted on February 21, 2007 @ 2:59 am