Rumors are circulating that controversial photo sharing site Zooomr, the creation of 18 year old Kristopher Tate, is in acquisition discussions with at least three possible acquirors, with discussions taking place in the $5 million range.
I ran the rumor by one of the supposed bidders, who confirmed on the condition of anonymitity that they were in talks to acquire the company. They said the company’s asking price is sub $1 million, which makes this more of an “employment by acquisition” type deal.
The company, which is still in beta, raised a small angel round from investor Ron Conway earlier this year, and Thomas Hawk joined them shortly afterwards. Version 2 of the beta launches today, Friday, at 5 pm PST.