Got $300k? Revver could be all yours!

CNET is reporting that video sharing site Revver is trying to sell itself for $300-500k, a pretty crappy price given its total funding of $12.7M. As most of you know already, Revver is a video sharing site that shares advertising revenue with its content creators. It also appears that Revver is in over a million dollars of debt and over half its staff has left.

According to TechCrunch, the company has had no luck finding a buyer even at such a low offering price. Both LiveUniverse, a “network of entertainment Web sites”, and Microsoft’s Soapbox (i.e. MSN Video) have considered buying Revver but neither has bitten.

Is Revver about to dance its swan song? Say it ain't so, Joe. It's never nice to see other's fail and we are sorry to hear about this but please let us know if anyone has any information.