Viacom scoops up Atom for $200M -- finally
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(Update: Here is the Mercury News story about the deal.) Atom will become part of Viacom's MTV Networks. Atom is a holding of four online properties for casual games, short films and video (Atom films, Shockwave.com, etc), formerly known as AtomShockwave.
It was formed in 2001, with the merger of Atom and Shockwave. And there is a lesson here. The company fired 120 of its employees back in the gloomy days of 2001, and closed most of its offices. The remaining 50 employees fought on. The cycles change, just as the sun will always come up, and now finally someone is interested in them. Finally there is an "exit" for these guys.
The backers of these companies included Intel Capital, J.P. Morgan Entertainment Partners, Macromedia Ventures, Sequoia Capital and Transcosmos.
http://www.siliconbeat.com/cgi-bin/mt331/mt-tb.cgi/1888
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