Founder Eyal Herzog suddenly left for the US last night, apparently to close the sale.
Video clip website Metacafe Inc., founded by Eyal Herzog is apparently about to be sold to a foreign company for $200-300 million dollars. Herzog was due to participate in a panel on Web 2.0 at the “Globes” Business Conference on Monday, but suddenly left for the US last night, apparently to close the sale.
Metacafe is offering $5 for every thousand hits on a video clip. Herzog previously said that surfers had earned thousands of dollars from popular ads on the site. In an interview following the sale of YouTube, he said that Metacafe was the largest video clip site in the wake of the sale.
Sequoia Capital Israel partner Shmil Levy today predicted that Metacafe might be an acquisition target for at least five giant Internet media companies: Yahoo! Inc. (Nasdaq:YAHOO), Microsoft Corp. (Nasdaq:MSFT), Google Inc. (Nasdaq:GOOG), eBay Inc. (Nasdaq:EBAY), and Time Warner Inc. (NYSE:TWX). Sequoia is the sole investor in YouTube.
Published by Globes [online], Israel business news - www.globes.co.il - on December 7, 2006
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