Sphere is up and running, rejects acquisition offer, raises VC round
We've been told the company turned down an acquisition offer, and for now plans to go it alone. Indeed, it has just raised another $3.75 million in financing from Hearst Publishing, Trident Capital and About.com founder Scott Kurnit. Sphere had raised $500,000 in seed capital from Radar Partners, Will Hearst, True Ventures and other angels back in April 2005.
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