Another One Bites the Dust - Corbis buys Veer

Say it ain't so Joe. The last of the "Independents" feel like they are gone. We have always been a big fan of Veer. They have one of the best designed sites, reek of coolness, offer Veer merchandise to buyers who make large purchases which they use effectively to promote themselves and have very creative emails, which we actually open and enjoy here at Cutcaster. And now onto the sad news ;-)

Well, they are no longer independent but I hope they stay just as cool. Corbis, mighty Mr. Bill Gate's company, picked them up as well as some cool Veer merchandise at the same time for being such a great buyer ;-) today for an undisclosed sum of cash. Rumors of either Getty or Corbis gobbling them up had been swirling for the last month and was hitting the wires again today. Seems to me that Veer lacked a truly productive sales force to handle it's clientele and they reached a tipping point. They can now leverage the Corbis sales structure to handle that and Corbis gets the cool branding that Veer represented.

Here is a link to the press release.

We haven't heard anything more than grumblings at Cutcaster but has anyone heard what the price was? I'd say at least 8 figures in the range of 10-20mm but what do we know.