LiveUniverse bought Revver for an undisclosed amount, NewTeeVee
reports. Last week reports
surfaced that the struggling Web video company was shopping itself for $300,000-$500,000 and assumption of its debt. Contrary to rumors that their deal fell through, LiveUniverse officially made the purchase for more than what Revver was asking (somewhere under $5 million). Revver's management team will continue to operate under its new ownership.